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14-12-2018, 04:45 PM
#2411
The market just wants to see certainty in this share and I believe when the results come out later this month we will see it back up to $1.15 maybe higher. Of course don’t take my word for it and do your own research as I don’t want to be seen as offering advice.
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14-12-2018, 04:50 PM
#2412
Originally Posted by Left field
All good Couta, each to his/her own.
I too am v much a long term investor, however, I have learned from bitter experience that once you have a 'high conviction' purchase, it is best to spread your purchases over time as few of us can accurately and consistently pick the bottoms.
If your horizon is 'long term' why rush in and buy all your OCA at 1.20 or 1.18? Best to use dollar cost averaging to squeeze out the 'best' 'average' price over time by buying in increments (particularly when the Trend is not yet your friend or uncertain and the total market situation is volatile - as it is with OCA.)
I remember the lessons learned buying XRO - do you?
That is great advice.It requires discipline and planning which many just do not have.
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14-12-2018, 06:36 PM
#2413
Originally Posted by Ggcc
The market just wants to see certainty in this share and I believe when the results come out later this month we will see it back up to $1.15 maybe higher. Of course don’t take my word for it and do your own research as I don’t want to be seen as offering advice.
At the moment the market wouldn't have a clue what it wants its Jekyll and Hyde behaviour proves that, but for those that know this company and have done their own research none of that matters.
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14-12-2018, 07:12 PM
#2414
Originally Posted by couta1
At the moment the market wouldn't have a clue what it wants its Jekyll and Hyde behaviour proves that, but for those that know this company and have done their own research none of that matters.
I agree lots of uncertainty out of everyone’s control, better for us as we continue to benefit in the longterm.
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15-12-2018, 01:05 PM
#2415
Originally Posted by Left field
All good Couta, each to his/her own.
I too am v much a long term investor, however, I have learned from bitter experience that once you have a 'high conviction' purchase, it is best to spread your purchases over time as few of us can accurately and consistently pick the bottoms.
If your horizon is 'long term' why rush in and buy all your OCA at 1.20 or 1.18? Best to use dollar cost averaging to squeeze out the 'best' 'average' price over time by buying in increments (particularly when the Trend is not yet your friend or uncertain and the total market situation is volatile - as it is with OCA.)
I remember the lessons learned buying XRO - do you?
Well laid out Leftfield , but the"dollar cost averaging" working out positivley for you totally depends on the share price retreating, as in OCAs case.
Had the share price continued to rise then this purchasing style would have worked against you. You might even have been cut out of the market. What if someone went all in at 98 cents, OCA sat at that for months earlier this year.
I don't think it really matters what "style" is used to get in on a high conviction stock, as long as one gets in.
However I do fully agree with you about not rushing though as this allows time to learn more pros and cons on the company to confirm the " level of conviction".
Because transparency is "on trend " on ST at the moment I m happy to fess up I've bought in donkey deep on this share since 98 cents and have since paid up $1.19. I'd buy more if I had any money available.
This is the highest conviction share I've come across since RBD at 60 cents AIR at $1.80 and HLG at 3.00.
Im not ramping , as I'm here for the very long haul, but I still maintain, "you just can't have too many OCA at this price."
Last edited by Maverick; 15-12-2018 at 01:23 PM.
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15-12-2018, 03:07 PM
#2416
Originally Posted by Maverick
Well laid out Leftfield , but the"dollar cost averaging" working out positivley for you totally depends on the share price retreating, as in OCAs case.
Had the share price continued to rise then this purchasing style would have worked against you. You might even have been cut out of the market. What if someone went all in at 98 cents, OCA sat at that for months earlier this year.
I don't think it really matters what "style" is used to get in on a high conviction stock, as long as one gets in.
However I do fully agree with you about not rushing though as this allows time to learn more pros and cons on the company to confirm the " level of conviction".
Because transparency is "on trend " on ST at the moment I m happy to fess up I've bought in donkey deep on this share since 98 cents and have since paid up $1.19. I'd buy more if I had any money available.
This is the highest conviction share I've come across since RBD at 60 cents AIR at $1.80 and HLG at 3.00....
Buying into a company over time in several separate purchases at (probably) different prices, whether it be dollar cost averaging or your scheme is a wonderful way of hedging.
Prices go up and down even when the fundamentals remain the same and provided your parcels are not so small that the brokerage is significant it is a more sensible way to go for most investors.
Originally Posted by Maverick
...Im not ramping , as I'm here for the very long haul, but I still maintain, "you just can't have too many OCA at this price."
You are ramping. No matter how convinced you are that OCA is the greatest thing since KFC you should have a limit on how many you hold.
One day one of you high conviction stocks may well turn on you in dramatic fashion.
I know there are many examples of successful people who bet big and won, but the many who lost the bet still exist, even if they have been forgotten.
Whilst I believe that the current share price is less than current fair value, I do not believe it is a screaming bargain buy, but it is being seriously over-hyped on this thread.
Last edited by Snow Leopard; 15-12-2018 at 03:27 PM.
om mani peme hum
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15-12-2018, 03:17 PM
#2417
Maverick
Im not ramping , as I'm here for the very long haul, but I still maintain, "you just can't have too many OCA at this price."
Everybody should buy a few thousand (or heaps) shares as a Christmas present to themselves ....the gift that keeps giving
Buy at pre-Xmas prices as no Boxing Day sale here
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-12-2018, 04:54 PM
#2418
Originally Posted by Snow Leopard
... and provided your parcels are not so small that the brokerage is significant it is a more sensible way to go for most investors.
Agreed, I have bought small parcels of various shares at times and always make a point of calculating brokerage per share, then adding that to the current share price, in order to know what I am REALLY paying for each share.
Wit the current price of OCA though ... well, ASB charges $15 for trades up to $1000, which means with OCA at $1.10 I could buy 909 shares and still only pay a total of $1.117 per share INCLUDING brokerage. Best way of investing my pocket money I know.
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16-12-2018, 10:03 AM
#2419
Originally Posted by Snow Leopard
Buying into a company over time in several separate purchases at (probably) different prices, whether it be dollar cost averaging or your scheme is a wonderful way of hedging.
Prices go up and down even when the fundamentals remain the same and provided your parcels are not so small that the brokerage is significant it is a more sensible way to go for most investors.
You are ramping. No matter how convinced you are that OCA is the greatest thing since KFC you should have a limit on how many you hold.
One day one of you high conviction stocks may well turn on you in dramatic fashion.
I know there are many examples of successful people who bet big and won, but the many who lost the bet still exist, even if they have been forgotten.
Whilst I believe that the current share price is less than current fair value, I do not believe it is a screaming bargain buy, but it is being seriously over-hyped on this thread.
I have to agree with you on this a little. I feel that the price is fantastic at these prices, yet the price keeps dropping. The market determines the price and that is outside my control. I do believe it will increase over time if all goes to plan, but I don't think it will double in three years. We may see a price of $1.40-$1.50 in three years. There maybe other possible things happening in the world ie "another financial crisis", or something else outside the companies control that could drive the price down further. All retirement sectors borrow to expand and at some point the lenders may need that money back in a hurry.
Be cautious and buy more if you are happy with the price, or wait patiently on the sidelines as I have and as I have spoken about when the price went down to $1.18, until the news comes later this month to make an educated decision (which I could still get wrong). Best of luck to all holders which includes me.
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16-12-2018, 12:07 PM
#2420
Originally Posted by Maverick
Because transparency is "on trend " on ST at the moment ."
Very true indeed
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