Secret Revealed OON (Secret) Is ORN

This is the fourth post talking about the stock, OON (Secret) since last year. I initially bought the stock in June 2023 at $2.50 because my theory indicated it was close to the bottom. The buy was executed at the end of the sideway movement which I assumed to be the longest sideway in its history and fighting against short sellers over a year. It maintained the stock price between $2.00 and $3.35 between the blue lines in the chart below. The long sideway lasted for 350 days and ended the bear trend in June 2023. (Education purpose: there are three different price movements: Up, Down, and Sideway)

The stock price movements in the range between $2.00 and $3.00 show something very interesting over the year. The lowest price was getting higher and higher. This phenomenon is called "higher lows" shown in red circles. The strong resistant line was somehow determined at just above $2.00 and never passed below. Every time the short sellers tried to bring the price down (attempted to scare investors), it didn't work out as they wanted it to, the bottom prices were getting higher and higher, and at the end of the sideway movement, it quoted $2.40 in June 2023 as a result of short-squeeze.  That's when I decided to accumulate the stock. From a fundamental perspective, the price was making an error for a long period it was becoming noticeable quoting the wrong price that was discounted so much that the buyers' demand started outweighing the sellers.  It should be realized by any rational investor that the stock price was a steal at the time.  Of course, in order for you to determine which stock is discounted or undervalued, you need to understand the concept of value investment.

Anyway, I bought the stock at the right price, at the right time, and started following since June 2023. These are the posts I made so far:

9/18/2023  Buy OON (Secret) Stock Registered at NYSE

3/7/2023  Extreme Bull On OON (Secret) Stock

4/29/2024  Pick Up At $7.50 or $6.20 OON (Secret) Stock

It took only a year for the price to go up from just above $2.00 to $10.00.  The return is 500% over a year whereas the majority of investors made 25% (S&P500), which is still amazing considering the average annual return is 10-12 %.

The stock was only shared with some individual investors and friends last year. It was not free information. The name of the stock was revealed to people for $3,000 although some individuals figured out what the stock was by reading my blogs. It was just too valuable info to be spread for free. Nothing is free as you know. I expect people to take risks for their rewards. It is necessary to take risks if you want to enjoy the performance of the capital game.  I want people to trust me with their gut that my investment style works well better than random walking theory, It takes a lot of gut to trust someone, especially when it comes to money.  Lastly, I want people to enjoy the reward for taking the risk because people never get out of a rat race running paycheck to paycheck working for money. How about making people work for you and you can make money while you are sleeping?

Regardless of that, I made a promise to disclose the stock once it hit $10 last year. Imagine,  you have $6,000 even if it costs you $3,000 to get the stock and buy it at $3.00 for 1,000 shares. You would have $10,000 by now. Because you didn't want to take the risk of spending $3,000, you have lost $7,000 by now. That's how I look at it. Missing an opportunity is as critical as losing money.  That's why POOR stands for Passing Over Opportunity Repeatedly this is the quote  I learned from a mentor a long ago, who was in the insurance business. I still strongly believe that as true.

Today 5/30/2024, the stock price hit $10,00  and recorded a $10.59 highest.

The secret is out!

The stock OON (secret) is ORN (Orion Group Holdings Inc.)

Orion Group Holdings Inc is a specialty construction company serving the infrastructure, industrial, and building sectors, providing services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. Its marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas.

The performance of the stock last 12 months is phenomenal over 400% now and is expected to go up much higher. Are you scared to enter at this price? Now you feel like you have gotten a long ago, it is too late but it not too late to make profits. Get In and Get Out at $20.