Not many teams leave Ravenhill with a win, but the second-string Ospreys muscled their way to a 20-12 victory that Holley says is a turning point in their season.
"We didn't start the season well, probably because we were in a new home and we had a lot of injuries to key players, but I think you've seen the real Ospreys in the last couple of weeks," he said. "The win in Ulster was brilliant - we had about a dozen players missing, but the other guys really dug deep. Not many teams will win in Ulster this season and it was a very nice feeling to return with the points."
Holley said the defending champions had no intention of taking their hands off the Celtic League trophy just yet.
"We're about sixth on the table and I think a lot of the top teams will take points off each other. And looking at the draw, about seven of our last 10 games are at home. We know we can't afford to lose too many more games, but it's a bit early to write us off just yet.
"Our next game is the Powergen Cup match against Bristol on December 2, and - touch wood - we should have a full compliment of players back by then. The likes of Gavin Henson and Ryan Jones are targeting that match, and I don't think many teams will be looking forward to playing us when all our players are fit."
Outside-half Shaun Connor - who is enjoying the best season of his career - was again the Ospreys' hero on Friday night. He slotted four penalty goals and a clever dropped goal to compliment the effort of scrum-half Jason Spice, who scored the only try of a hard-fought match.
Nearly 40 players were involved in the first Wales Under 18 training session of the season. WRU National Performance Manager Gethin Watts is excited at the potential shown by the group and expects the Regional Under 18 Championship to hone their skills even further.
The WRU officially unveiled the new pitch today in time for Wales to take on Australia in the first of the Dove Men Series autumn international matches this Saturday. Head Groundsman Lee Evans and colleague Craig Campbell reflect on the 15-week project and look ahead to a pitch perfect future at Millennium Stadium.