Post by
NeftyIvan on Jun 10, 2022 5:34pm
Share Price: weathering the daily pressures etc
FWIW ... I take today's OCO trading action --- "share price stability" --- as a positive sign:
Relatively speaking, today, OCO traded a substantial volume of shares --- about 14 times what has been realized, on average, as of late --- at 411k shares ... and the net price result was a slight increase [about 1%] ... the emphasis on increase. Apparently, there were OCO sellers ... but, more significantly, OCO buyers to scarf up those shares on offer.
Hmmm ... in view of what I was anticipating --- that is, OCO taking it in the shorts and correcting substantially --- this is good.
Specifically, in view of yesterday's developments --- [1] OCO's "Scarry" PR regarding shutting down, temporarily, ST Drilling Field Ops, and, [2] the piss-poor USA national CPI inflation numbers, that were much worse than "anticipated" --- I see this OCO "price stability" as a good sign.
Interesting coincidence in timing that just late yesterday, OCO managemet, with Mariusz, had pre-scheduled several days ago --- certainly, before there was news about the CPI numbers --- that online presentation.
Yeah, of course, all of this is just reflective somewhat of one day's trading action, but, relative to the devastating trading activity realized by the vast majority of other exchange-traded companies ... I am glad that I am holding long on OCO/ORRCF.
Tomorrow is another day ... and we shall see. Regardless of what action we may be anticipating, the market is always right.