Good post but why was OZL so easy to short from $7.50 to $5.80? Lack of willing buyers (except me at $6.30)?
Good to see some directors buying recently.....should be more of it.
OZL need to come through the pit expansion overburden and post some good numbers or do a clever deal with someone to burn the shorters IMO. We might get lucky with some chinese stimulus or magical global economic boom but that is a long shot.
Maybe the shorters will try on some pump and dump action in the meanwhile - pump up to around $6.50 then dump to $5.50 to $5.80.
I will hang on to my new holding to 2014 myself as LT things will change for the good once pit expansion is complete but if I have spare cash from other trades I will buy up in the dips and trade with the shorters in any pump and dump cycles with that parcel or hold if it breaks out on a good ann.
OZL Price at posting:
$5.84 Sentiment: Buy Disclosure: Held