Many investors have had enough of the current market and they are simply sitting their cash (what's left of it) on the sidelines. This has nothing to do with "valuations" of a company.......and every thing to do with the banks restricting cashflow to investors. People are still getting daily margin calls which creates a snow ball effect.
The bottom line is, Banks and institutions are sitting on the sidelines waiting for the stream of bad news (from the U.S.) to stop. So there are only traders left in the market, and that creates extreme volitility.
Yes OZL is undervalued, but so are 1000's of stocks! The only ones holding their ground are Iron ore Or energy (and gold to a degree). Many of you know you should have triggered stop losses, but it is hard to do because in previous years "going long" has always been rewarded. What is the good of holding at $3 if it takes years to get back to that level?
Maybe we are near the bottom or maybe we have a long way to go, no one knows for sure. But one thing is for certain, the economy is in decline and any investment will suffer in that enviroment. Cash in the bank is the only investment doing well at the moment.
Good luck lads.
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
