OAK 0.00% 6.7¢ oakridge international limited

Quite agree Puk, patience is required but right at this point in...

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  1. 577 Posts.
    Quite agree Puk, patience is required but right at this point in time it's not just tree shaking that can cause downward pressure, the SPP can have the same effect between now and Mid January.
    Although there appears to be huge upside potential mid/long term for us all, I expect that quite a few holders, even some of the very bullish, may not have $15,000 in readies so may well have to sell all or part of their holdings, even if the price dips short term, in order to liquidate some funds so that they can apply for their full entitlement in the SPP... this could cause some short term volatility around the current price and it wouldn't surprise me to see a drop down towards the 3 cent mark during the first half of January. This of course would then provide huge buying opportunities in the first half of January for those who do have plenty of readies and want to acquire more than their SPP entitlement and also of course for the unentitled who want to get on board.

    Please ignore everything I say, it's just an opinion, not advice.
 
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