<<If you keep buying, be advised many stocks go to book value in a bear market (look at anything energy related for instance). >>
I appreciate the sincerity in your message. FWIW - even if ONSL went to $0, I wouldn't be looking for that tall building to jump from. I never put so much into any one area that my future would be dependent on it. If the entire market went to $0, I would have a fairly serious setback in my financial future, but I'd still be okay - I keep well diversified with hard assets and bonds.
I have enough faith in the ONSL business model, and in ONSL management that I'm a long-term holder of the stock. If I'm not willing to buy at the current price levels (assuming that a purchase fits my overall investment plans), then I should be selling my position. Just remember, no matter how low the price goes in a bear market, if the fundamentals are there, the stock will recover in time. How much time? Who knows.
<<I was picking on the audacity of stating the stock would rise to $81 in 6 months on nothing but a prayer>>
I completely agree. Analysts are not notoriously accurate anyway, but $81 never exactly looked like a realistic target. Actually, a prayer is probably the best chance ONSL had to reach that price during that time frame. |
