Do follows of OKN believe that removal from S&P/ASX 300 Index in March has had a detrimental effect on share price
A commonly held view is that changes to an index tend to have a short term impact on a company’s share price, and that it’s usually only a matter of weeks before gains or losses are either fully or partially reversed.
Should OKN fall below $1 in coming few weeks it may be a great buy in opportunity however I sence no good news forecast given economic woes and big business and government bodies tightening purse strings.
Look forward update from company and people thoughts given it is testing its lows.
OKN Price at posting:
$1.10 Sentiment: LT Buy Disclosure: Not Held
