TSX:ONR.UN - Post by User
Comment by
nijinsky70on Nov 26, 2011 9:27am
163 Views
Post# 19269547
RE: RE: RE: easily $2 by dec
RE: RE: RE: easily $2 by decHi RB:
What's your rationale for doing that? Shorting ONR, eh? Like to hear your reasoning.
To me after the split, new ONR is still trying to find its true market value. The market makers are pushing it down (their natural tendency), the PSN buyers are dumping ONR since they don't want this part of the deal. They just want a dividend paying cash cow. Hence the senseless ell of of ONR.
If investors pull thier heads out of you know where, this is the same ONR before PSN came into prominence, which was traded at around $4!!! And nothing has changed then other than the perception. Trading at $1.70 is just knee jerk reaction (same as these constant fears about Europe, U.S., China slow down). If you think about it, most companies made money under these constant nonsence! Does that not count for something? Anyway, with some proper guidance from the company about 2012, there could be a big rebound.
By the way, ONR's management is ultra secretive. They won't tell you the time of the day if they don't have to. If I were running ONR I would have started a PR blitz and make sure that ONR will not sink after the split.