Opening and closing at .15, ORH was one of the very few not to fall on the ASX today.
Personally, after today’s big downturn day, I’d expect the Speculator write-up to kick in for the rest of the week – to say nothing of the company’s underlying strength and excellent Chinese prospects – and its rise off 9c to continue.
Today’s huge volume indicates to me that (dumb) sellers were panicking out needlessly because of the market downturn – it didn’t affect ORH at all! – and (smart) buyers were seeing a nice opportunity to buy in.
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