Any read on why this stock is so popular at the moment? Its getting close to edging into "above value" over the long term and its PE is rated higher than BHP currently.
I'm still holding but just makes me wonder how ORI is going up so consistently. It even managed to eek out some gains in the dog days of last week.
Which is why I held as if it was going slightly positive on the worst week in a long time I figure when the rebound happens it would rocket ;-)
Which it has done.
I've no idea where the price will finish before it reverses but anything above $23 seems like stretching valuations. But its clearly in an "upward trend" again so maybe $25 is the mark based on its 10 year history.
ORI Price at posting:
$22.23 Sentiment: Hold Disclosure: Held
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