Wow, that would be exciting, I'm very grateful for the likes of Beagle, Maverick, Ferg, Winner and others who generously share their FA. Almost as much as the re-rate that started from about $1.00 that I've accumulated at for what seems a long time, even after chasing up a few more, OCA for me is currently 40% or so up.
That's plenty of head room for a decent correction, but even then I've squirrelled away another 40% cash (on whole of portfolio basis) which won't be deployed in any stocks until value buying re-emerges. [remember when OCA was under 40 cents during Covid?]. It could all end up in OCA if Covid-2 or some other 'event' happened. Who knows, time will tell.
Unbelievable but it happened, OCA bombed to half NTA!, I was too chicken to move until the low 70 cents but that significantly helped the average, enabling me to really hit the buy booster when the recovery looked confirmed and again when the re-rate locked in (and oh look at that!) and maintain an average that now sees me sleep like baby, content with what I have, but happy to buy more if the opportunity presents.
So, what is it that soothes the soul? Check out this chart ... I talked recently about the big wide channel bounding the highs and lows, nicely trending upwards. Well, recently a perfectly formed smaller channel emerged, one of those 1 or 2 cents a day channels that see a nice stable linear upwards movement running on the upper Bollinger Band but not too much above it, all the while still way above moving averages. This keeps the indicators close to overbought not not quite, nothing extreme to worry about. Will it continue? That's not for me to say, being so far above the MA's I'm not too concerned with the short term unless it means I have to break out the dry powder.
You could say OCA has has finally been 'discovered' by the value investors and possibly by some of the momentum investors. Maybe even a few traders are enjoying the move. I laugh now at the angst about McQuarie selling $1.20, not so much at the time. Lol.
Will it last? TBH I don't really care too much anymore, I have no intention of ever selling this asset that I've patiently accumulated for years. OCA isn't going bust either and it's got such an attractive multi decade sector tailwind, even the dips, maybe even the really big dips, really won't stop the company, it will only present more accumulation opportunities.
A long time ago I said I'm going to 'Vaygor this'. What a legend, what a lesson, I'm eternally grateful for his(?) lessons of RYM during the GFC.
Hope you enjoy my story and are on board yourselves.
GLTAH.