where ovr stands today, page-11

Bones131,
fact is, i [and the rest of the forum] should be thanking you for your charting analysis and for taking the time to disseminate your knowledge base. The feelings are indeed mutual. Robbbbb, Asteroider and Aksier are other posters that duly deserve praise.

In my due diligence process, i tend to only find a handful of companies [i.e. 5 companies among hundreds] that fit the criteria. This criteria is based on both fundamentals and certain price points. I can assure you that it is extremely hard to find a company that ticks on nearly all the boxes. But when i find one, i usually put a substantial amount of my funds in it and wait for the push indicators to unfold.

Further to this, the main question i always ask myself is if, in the midst of a share price rise , would i purchase the stock based on current prices to obtain a certain amount of reward. This is taking into the notion that i had not purchased any stock yet. In OVR's case and the current price of 27cps, i would be purchasing till 32cps. This is to obtain a more then 2-3 bagger return on my investment capital with limited risks on the downside. This is having the view that i will be holding for at least a year from the current month. I am not a trader but in the midst of volatility i will assess and reassess my positions daily. One needs to be versatile in the current economic climate.

Sentiment is a wonderful factor to monitor when one is looking at your price points. The reality is that most investors only come into the play when the price starts reaching high values but never when it was sitting idle for months on end. This is because they are too focused on the price but not on the value of the underlying firm. As i have said before, the price information is always easy to obtain. One can observe it in real time by just looking at the charts. But if one does not have any understanding of the value of the firm, this price information becomes useless. Money is truly made on the arbitrage between price and value.

My sincere hope is to educate investors to be proactive in their investment. Giving them tools to value a company in a sector such as this is really integral. They will then be able to look at their price points and manage their risk ratios better.

As they say....the cure for low prices is low prices and the cure for high prices is high prices.

I am still accumulating and wish you well.