I bought another 500 shares of OCA @ $6.68 in my Roth IRA account, adding my total OCA ownership to 1,500 shares.
OCA had climbed 40% since my last purchase on April 16, 2003. This issue looks more like a value buy and it seems the market has recovered from the worry of disastrous revenue decline. With an annual earning estimate of over $1.20, this stock still trades at an P/E of below 6. What a bargain!
In the Roth IRA account, I still have $1,200 in cash and another $2,600 in bond fund. I'm seeking other opportunities to fully invest the cash.