I am absolutely with you on this. Anyway, I am not big on financials because they are lagging indicators. As long as they make profit and provides some dividends - I am ok. I am more interested in their future business development plans - the forward looking stuff.
We also have to note that this is a trader market - people are buying for the short term. As long as there is a momentum propelling the share upward, traders will come in -i.e. follow the trend. Investors are probably waiting to dip in the toes once they believe that OZl has bottomed.
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Held