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<<Now, tell us why you said:
"It ain't looking pretty, here in ORFR land. :-(">>
Unlike your explaination, mine is rather simple and based on instincts. When ORFR was trading at around $20, the stock slowly drifted, a bit at a time, without any news. Many on this board attributed this to tax selling, small float, nervous hands and what have you. Then, an earnings warning, explaing the stock movement, in retrospect. Although the company's numbers were better than many anticipated, the stock recovered about a dollar of what it gave up for almost two months.
Now, it seems that were in the same situation. The stock is drifting lower, albiet, very slowly towards the 52-week low. Could it be that there's more bad news on the horizon? Shouldn't the stock have drifted up, a bit at a time, instead?
Like I said earlier, this is just a hunch. The fact that we broke the $10 barrier to the down side, in my opinion, is an indication that $9+ is not too far out.
I'm still holding and my opinion of ORFR has not changed. Part of this is due, in my opnion, to the strong managment in charge of this company. I look for this characterstic in particular before I invest in any company. I think this bodes well for ORFR despite the short term price deterioration of the stock.
Still holding
Zead
What's your opinion of LOR, ALL? |
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