OEC 4.88% 8.6¢ orbital corporation limited

going somewhere at last?

  1. 549 Posts.
    Yesterday's spike up was encouraging to long suffering shareholders. But what caused it and will it continue?

    Reporting a 1.1m loss for the year doesn't seem cause for a rise, maybe the change in leadership is part explaination.
    But it could also be attributed to the renegade actions of several big US states in defying the federal/bush administration by enacting green house gas emissions legislation. Here's a tid-bit from this mornings SMH:

    "We welcome all efforts to help meet the President's goal for reducing greenhouse gas intensity by investing in new, more efficient technologies," Michele St Martin, a spokeswoman for the White House Council on Environmental Quality, said.

    the whole article can be reached here:
    http://www.smh.com.au/news/world/states-bypass-bush-on-greenhouse-gas-emissions/2005/08/25/1124562975581.html

    Now the question I face, do I sell into the rally and reinvest the funds in oil, or hang in there for another six months, down 20% ATM
 
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