Well there is another negative article on SMH about Morgan Stanley likening the current oil downturn potentially rivaling the 1986 crash. All this negative news scares of potential investors and as for OEX with the share price now falling below the rights issue and poor management it just looks so bad. I think the lack of trading and posting on the forums is people have had enough of this rubbish from OEX and have relegated their share to the bottom draw or for those that need the money selling out driving the price further down. Could we be heading for 3 or 2 cents ? It could be a real possibility and more likely than seeing 10+ cents anytime soon.
OEX Price at posting:
4.0¢ Sentiment: None Disclosure: Held