As a longtime ORD holder and believer, I feel compelled to make 2 observations:
1) it seems that ORD remains under the radar for the majority of punters in light of the muted price reaction to the latest CCD news.
2) The market seems to be saying "we will mark you up only WHEN and IF the takeover is finalised". and understandably this is being pragmatic.
Joining all the dots to date, it would appear that the prospects of a successful CCD takeover is more than likely.
Volumes have been relatively low, probably because those that follow ORD closely have already accumulated sizable positions and are waiting for the point where the market will deliver a markup to the true value.
That day is comming very shortly and along with others I believe long term stockholders should think long and hard about taking profits given the blue sky potential of ORD.
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