The neaspaper reports over the last couple of days were criminal as I see them. They caused panic amoung an edgy lot of OZL holders. The number of posters on HC who have said they sold during the last two days shows how these press articles can influence action. However some of the doomsday posters here are equally responsible.
As I see the situation there was no need to panic, everything appears to be going to plan. I'm happy to hold and sorry that I was not handy when the panic selling was going on yesterday. I went fishing at the wrong time, caught no fish and missed landing a bonus with OZL shares.
Why panic?, the sale has a 99.9% chance of success and there is a 40% chance of a better offer. There is a 10% chance that a white knight may still emerge and we will continue to hold OZ for the market rebound which will come eventually.
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