TSX:ONR.UN - Post by User
Comment by
nijinsky70on Oct 07, 2011 6:51pm
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Post# 19131595
RE: Why would anyone sell?
RE: Why would anyone sell?That perplexes me too. The deal's too good to be true and yet there are still sellers. People have to sell because of margin calls on some of their other holdings, the wife may need a new car, kids going to college, etc.
Conversely, YLO still has buyers. That's the ONR selling mystery in reverse. Who would buy a failing business? Millions of shares changed hands after YLO announced it will stop all dividend payments, plus releasing a grim forecast. Why fo they buy?
That's the stock market to all of us. I heard that investors were still lining up and wanting to invest with Bernie Madoff after his story hit the papers. Now that's weird, even for the stock market.
Now I sit by the mail box waiting for the Poseidon materials............... So apparently no one got theirs yet.