Check our identical twin's chart. If the pattern continues there should be a sharp bounce in OMH, leading right back up to the high (which makes perfect sense, imo), probably between now and January 9th (approval of the deal). Should be a little consolidation at the high (27-30p?), followed by a breakout to upper 30's target (to be triggered by something announced at, or just after, the EGM perhaps?).
If you check back, you will see large buys at 30.5p (785K) the day before yesterday (x-trade and one other), this is long term money, imo. There will be more to soak up the 'panic' shares that have come onto the market over the last 2 days, and any 'relief' sellers on the way back up, imo.
In short, this is nothing more than profit taking. Re-investment will follow imminently (IMO).
Williams %R now on the bottom. DYOR, don't rely on others, and think ahead.
I shall now return to holiday mode. Au revoir.
(PS Trout - I have finished editing this, my current post. It will henceforth remain unchanged like all my others. If I prove to be wrong doubtless you can use it in future against me. If I am right, you can conveniently forget all about it, can't you?)
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