OEC 5.95% 8.9¢ orbital corporation limited

Yesterday's spike up was encouraging to long suffering...

  1. 549 Posts.
    Yesterday's spike up was encouraging to long suffering shareholders. But what caused it and will it continue?

    Reporting a 1.1m loss for the year doesn't seem cause for a rise, maybe the change in leadership is part explaination.
    But it could also be attributed to the renegade actions of several big US states in defying the federal/bush administration by enacting green house gas emissions legislation. Here's a tid-bit from this mornings SMH:

    "We welcome all efforts to help meet the President's goal for reducing greenhouse gas intensity by investing in new, more efficient technologies," Michele St Martin, a spokeswoman for the White House Council on Environmental Quality, said.

    the whole article can be reached here:
    http://www.smh.com.au/news/world/states-bypass-bush-on-greenhouse-gas-emissions/2005/08/25/1124562975581.html

    Now the question I face, do I sell into the rally and reinvest the funds in oil, or hang in there for another six months, down 20% ATM
 
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