My current average on GBG is $1.351, thats from buying at many different levels throughout the last 14 months. I consider that an overall average entry. I haven't attempted to trade my holdings and have a lot so im happy. I doubt GBG could go down further than the 70cent range earlier this year (which was a joke). After this buy I think ill cool off from GBG, if this doesn't turn out (which i doubt) i'm stuffed.
I'm thinking the market can't go down much more. I do agree that the banks could present great value espicially at PEs below 9 or 8. I just want to see how the whole financial sector turns out. However I know I won't put any money there, its pretty much all in here.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held