GBG 0.00% 2.9¢ gindalbie metals ltd

mcsweeney defends his decision to sell , page-30

  1. cy7
    930 Posts.
    re: the run has started For longer term investors – on a weekly chart 46.5 cents is important.
    I know it is 44.5 at the moment --- but daily prices abit irrelevant longer term.

    Still could be testing the breakout from the falling wedge pattern.
    The correction is on reduced volume.

    It is hard to deny it’s on the nose abit.
    Personally I would not like it to test 40/42.(Weekly)
    -- Would make the break up a false one – which might be nasty.

    If you have a longer term view –you can get into trouble buying hot stocks.
    GBG is certainly not hot at the moment.

 
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