pros and cons of moc

i have just bought in @ $1.64 (pe 10.6) with a small purchase.

discovered that moc is currently trading well above its av.pe over 10 years of 7.6.- not so good.

on the other hand the rba is doing what ever it can to boost the housing industry, with a further one or two reductions in interest rates. as this happens with the possibility of lending picking up you would expect the share price to hold or even to rise a little.

further as interest rates decline even further high yielding stocks will become more attractive to investors.

so my thinking is to hold and to add more if the stock price declines further. any thoughts ??