Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Couldn't resist increasing my OCA holding by another one third last week at the $1.00 special.
Now is 25% of my portfolio at an average buy price of $1.08 so still showing a few thousand dollars in the red.
Nice to see it on the way back up today & touching on $1.03. Hope the $1.00 lower limit will be left behind this time.
I agree....to me it looks like $1.00 is pretty much the 'lower limit', and unless the next news is real nasty, there should be slow gains from that level.
The good news is, at least the reliable guys at Forsyth haven't changed their target - its still at $1.13 [hold] (same as 3 months ago after half year results)
In fact Craigs and Forsyth are pretty close with their target prices and ratings.
A month ago Forsyth reiterated a 12 month target price of $1.52 with OUTPERFORM rating for Arvida Group but we know they must be wrong there!
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