Far too much agonising over the shareprice on this thread for what is a longterm stock. Trying to trade it when a strong insto has the big holding puts one on a hiding to nothing.
Far too much agonising over the shareprice on this thread for what is a longterm stock. Trying to trade it when a strong insto has the big holding puts one on a hiding to nothing.
I understand what ya saying. OCA for what is largely perceived on here to be trading on cheaper multiples + higher growth compared to other retirement village peers. As most of us expect OCA's share price to be moving upwards, a 12% drop in the space of 3 months and a 5% drop in the past few trading days - the reaction to the share price on here I believe is only natural.
Anyways, I am trying to take advantage of this price drop. Prepared to buy on the way down to the 90c regions.
Far too much agonising over the shareprice on this thread for what is a longterm stock. Trying to trade it when a strong insto has the big holding puts one on a hiding to nothing.
I reckon it's an Insto that bought at $1.10 that's selling due to the macro environment, nothing fundamental has changed whatsoever and I'm anticipating a good upcoming result followed by an even better one for the full year.
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Originally Posted by macduffy
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