https://www.youtube.com/watch?v=LW6RWSiR88s
SNOOPY
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When SUM reported good stuff ...OCA hardly moved up but when RYM reported bad stuff then it follows RYM down big time
This behaviour of reacting much more to bad news then sector good news may be conveying something much darker but then it cant keep going down ...sometime it has to turn around like ATM did ...hope keeps world happy place
The paucity of updates from OCA, means sentiment will always trend negative. Even is nothing underlying is at issue.
The reality is no one really knows how OCA is tracking since last update. In this case, the market is treating no news as bad news.
https://www.youtube.com/watch?v=5NNOrp_83RU
This seems to be better than that one.
Hey Mav, when i read this post yesterday I thought you may have had confirmation bias or something. Or maybe you were seeing the RV world with rose tinted glasses.
But then i read the Forbar update on the RYM thread this morning (post by GWD) and it says the same as you. RYM must have been really naive huh. Looks like yes you still know your stuff :cool:
Forbar:.....The relative weakness in new sales (still expected to be up ~+50% from the very weak first half, but down ~-10% versus 2H23) is not that surprising, in particular as it appears to be concentrated in a few villages where the main building is yet to be completed. It is, however, disappointing that it appears to have caught RYM off guard.....
Hey Mav, if you are confident in the OCA story as you have made out, then these sorts of share price oscillations shouldn't bother you, in fact as SailorBoy & ValueNZ have said, surely these selloffs offer opportunity to buy more.
Any holders will be in despair too....the last 2 years SP has been depleted slowly
No update from the management and constant downramping from all traders here....
I would cut loss and take the money to the mermaid
I have been buying, then I am a long term holder so the day to day stuff I couldn't care less about, well thats until its cheap and will continue to accumulate.
This is my biggest position and comfortable with it, thou would prefer Board and Brent to engage with shareholders better.
I don't have the BS fear that others have of imminent collapse etc. The metrics just aren't there for that outcome.
The market is the market and at $1.50 the valuation was wrong and imo its now wrong again at 63c.
I wouldn't mind seeing it lower though still has I might be tempted to free up some cash.
Just got my buy order filled at 62c.
Heres a fun fact. There were only ten days during the covid crash where you could pick up OCA shares for 62c or less. And consider that OCA as a business has grown in the last four years, aka it's intrinsic value has risen. So OCA's discount to intrinsic value really hasn't ever been cheaper than it is today, except for the couple of days you could pick up OCA in the high 30c and 40c range.
The gist of your post is that OCA as a business remains totally unimpacted whilst the share price continues to be hammered. Remind me again why that's a bad thing?
Why do you need the market to tell you that you're correct in your valuation of OCA? Just continue holding, and averaging down. Better to be able to reinvest earnings at a higher CAGR than not.
As for your call for Brent or Kathryn to give an update, well if it's for the purposes of boosting the share price I'd be incredibly disappointed as that's not the role of management.