Actually I must correct my assumption from the last post saying PNA was more stable.
A comparison of pre/post consolidation performance puts these 2 pretty even.
My Calcls (Please coreect if you think I'm out?)
OZL PNA Post/C Open Price 13.45 3.75
Based on todays prices (last hour) OZL has dropped around 5.5% and PNA 5.1% since the consolidation .
The perception is that OZL has dropped more because just after consolidation OZL rallied to $14.10. So since that high we have dropped over 10%.
I would say there are definitely more factors to explain sentiment today than the effects of consolidation. My observations are based on history where every stock that consolidated dropped. However the market conditions at the time would be perhaps more of a contributor. I still belive however consolidation does have a factor.
Cheers DaveJ DYOR
OZL Price at posting:
$12.68 Sentiment: Hold Disclosure: Held
