How about a major drop in profits, a reduction in its workforce (in Oz at least) and a drop in profit guidance for the coming year?
I must admit I have some sour grapes as far as OKN is concerned, I bought in at ~80c when it dropped precipitously, only to see it stagnate for many weeks and finally got out at 60c, only to find several weeks later it started to rise FOR NO REASON!
OKN returned to favour and its rise has been little short of remarkable. Now with some reality "out there", the price has fallen a little - thats all.
I would be more interested in getting an answer to the question "why did OKN rise to ~$3", when it was overpriced at around $2?
OKN Price at posting:
$2.70 Sentiment: None Disclosure: Not Held
