<<this stock can't even hold on to 2-3 miserable points>>
Considering the stock is still double what it was a few weeks ago, and 3 or 4 times what it was a little over a month ago, I must disagree. What ONSL stock has had trouble with, is either getting or holding on to the ridiculous valuations some other internet stocks have gotten. Even the analyst that predicted the $400 price for AMZN said that his number was based on investor behavior, not company valuation.
As an investor, I hope to double my money every 4 or 5 years, not every 4 or 5 days. The behavior of people in regards to internet stocks has not been rational, and will eventually result in a rather stupendous crash, IMHO. You were probably wise to sell part of your holdings, since the stock had dropped 10% - after all, you need to limit your losses. However, even the best stocks fluctuate in both directions over the short term. Until ONSL has fundamentals on which to gauge its value, it will continue to bounce around. |
