And so say all of us
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I frequently read but rarely contribute to this thread. I am often baffled how the sky seems to be falling in on a movement of just a couple percentage points. I do feel like sharetrader users as a whole are very much invested in this stock and emotions run unusually high.
In contrast, no one seems to blink an eye when ATM moves 5% on an often daily basis
/shrug
I don't think the sector as a whole is hot. SUM companies are struggling to sell their units and others and pouring hundreds of millions into the Melbourne market that's quite possibly in the early stages of a major correction which will impact both development and resale profits going forward. Past performance is no guarantee of future performance.
Business model's of some companies offer more compelling apparent advantages going forward than others. Beagles will always try and use the maximum range of their sniffing ability to see what's going to offer the best feed in the future because who wants mediocrity in their investment portfolio...
Patience is your best friend with this one.
It is curious how so much attention OCA receives on Sharetrader. Perhaps it reflects a lack of activity/interest in the rest of the tiny - and steadily shrinking - NZX: or speculation about the perceived overhang from the MacQ stake: or second thoughts about the much-hyped grey tsunami that is expected by some to guarantee the fortunes of all in the retirement sector. Whatever it is/was, taking a few steps back and looking for other topics in the market would be refreshing.
:cool: