Be aware, page-5

  1. 3,627 Posts.
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    I am mostly a ST trader, I do however, have a few longs. OBJ is one of them, only because it is a 'carried' parcel that I have acquired through a number of trades and by no means is it a large holding. I would have sold long ago to preserve capital if it owed me anything - it's not personal, just part of money management and trying to survive in the market.
    OBJ for the last 5 months has offered very few, in fact; very little trading opportunities... If you were a trader, you wouldn't even bother trading OBJ in that period of time. There are literally 100's of other stocks that have thrown up far better and safer opportunities during this time. So, I think you are only fooling yourself if you think OBJ is a traders paradise, because clearly it is not - it's been all downhill during this time as shown by the chart.

    The market has been sold the dream, it believed that dream for a while, now the hype is and has been wearing off....the market has adjusted accordingly - until proven otherwise. Now I'm not saying it won't be proven otherwise, but clearly mr market is leaning on the side of caution with it's buying interest in OBJ. It's just not there.
    Snail pace is proving to be OBJ's enemy. Can't blame holders with vested interests for getting snakey and showing yoyo emotions. Many here have built up large positions in a high-risk high-reward type scenario, which is ok if you bought 3-4 years ago, but if you didn't - it's proving to be dangerous with very little reward for the risk. For many, the only reward has been seeing their money disappear.... which is not ideal.

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    Maybe 2017 will be the year? hmmm sounds familiar
 
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