some rambling thoughts

It has been interesting reading all the various conspiracy theories claiming that unscrupulous characters are manipulating the OXR price down, setting up the company for a bargain-price takeover.

Hmmm.

So how about this one? The new OZL will have something like $1.2b cash and are keen to buy assets. Maybe OZL are the manipulators (via some evil Hong Kong-based hedge fund managers of course) hoping to take the share price of potential targets down to more attractive levels? They then jump in and grab a bargain.

Hmmm.

Look out FMG, your price is being manipulated by dastardly OZL looking for a takeover bargain. Better contact the ASX……..

We are currently experiencing a very volatile market. It happens. Some stocks become oversold and become cheap, just as they become overpriced in bull markets.

I am an OXR holder (have been for about 2 years) and my advice is to just hang in there, forget silly conspiracy theories and focus your energy on researching the real value of the company in the context of a jittery stock market environment. If, like me, you think the company has been oversold, now is a golden opportunity to buy at a great price. If you think the stock is a dog, then sell. It is your choice. Just don’t go blaming price manipulators, hedge funds, the ASX, the ozone layer, Britney Spears, Fabio Grosso (he dived, godamnit!), or anyone else.

It’s a stock market, its risky, it goes up and down and nothing is guaranteed. So DYOR!!!! If you want guarantees, stick your money in a fixed term savings account.

One day we’ll be able to look back at $2.20 (maybe even lower), shake our heads in disbelief, as we drive our shiny new Porsche down to the beach house for the weekend, and smile.