relentless selling, page-60

kchil

well I suppose it depends on when you bought and at what price

if you are a holder from when the company nearly went belly up ..then I'd be angry also..

if you bought in when it became ozl then the situation is different

the company has paid dividends and returned cash to shareholders so for many that reduces their cost price ...

the day they said they were doing a 1 for 10 reconstruction and div and cash back...I sold out....

back then I wrote this was going to result in the stock being dumped and manipulated.....

I didn't sit around for the div or return of capital...I traded it a few times when it pulled back and ended up with the equivalent of the div and return of capital without the risk of waiting for the decline in the share price....

so maybe I'm not looking at it from your buy in position

it went to a bit over $1.60 or $16 after recon

its now down 50% and struggling to stay in the $8 range or 80c pre recon price....

i'm looking at it from its ability to make a profit and pay future dividends

of course the lower the entry level the better the % return via divs in the future...this is on a longer term view....

once again my view point may vary from yours due to when you bought in and at what price.....

also almost every stock has copped it bad this year ..so ozl is not alone in this disaster...

the up side is the company didn't fold like all the big high profile companies that did and in those cases shareholders lost 100% of their investments

this is a low sentiment market and europe is dragging the world down with it.....