Maybe the entire market was overextended, but ONP no more so than any other. It's not unusual to see a sell-off when the entire market sells off.
In fact, with 14.6M OS and 8M float there will be plenty of upward pressure if anyone wants the stock.
Heck who talked about where the stock will be in 5 weeks from now. All I was saying is that it was heavily overextended at 14 and 15 dollar and I was stating that while we were there and not in hindsight.
That's why I was selling my shares back then and now I'm starting to buy them back. The stock would have also retraced if there was no market sell off in fact it already started to go down before the market sold off. No stock can hold such an overextension forever without making a retracement. It was 50-60% above the MA50 at certain times.
I'm sure the stock will go back up within the next few weeks or months that's not the issue.
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