OAK 0.00% 6.2¢ oakridge international limited

Major high level breach at 6.2 cents, page-49

  1. 9,126 Posts.
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    Better a smooth path up in SP than a huge jump IMO. Expect this to trend up to 7.5 c close Friday. New support is 5.5c IMO to boot, but I expect this to trend up to 7 - 8 cents by cob Friday (assuming no announcement). Market cap is closer to $115 million (so market cap over $100 million has been breached as expect the majority of July expiry options now to be converted), so the $100 million psychological MC has been breached (so retailers need to understand that and don't think of this entity as having MC of $94 million anymore).
 
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