Of the view that OSH about to go off a cliff. July is the reporting season and it will be bad. This stock will fall despite what ever the brent price is which is currently over $43 US but that doesn't matter now.
I'll wait a few more days.
Must also remember many sell shares for tax purposes this week before June 30. July in a normal season is when shares pick up with reporting season but this is no normal year so expect a crash.
Some shares will rise like the iron ore stocks. FMG I think may well take off. In the March panic they didn't drop to much.
Some other shares doing well too but in general going to be poor news in July. Then the next date is September when job seeker runs out and once a panic starts there is no stopping it. I am of the view though the government will come up with new programs to extend.
Corona is going to go on for years. Even if they get a vaccine that works it will take a few years to vaccinate 7.5 billion people.
OSH Price at posting:
$3.41 Sentiment: None Disclosure: Held
