Hi ecsc.
I have been trading in and out of GMG for 8 months. The first time was right after the last cap raising. I got hammered initially but then got out at $1.20 plus.
The next time I got in before the last distribution was confirmed in the 50's and was able to get out at 85 cents plus the 9.65 cent distribution (very handy). I should have held on for the ride above $1. I advised karasco at $1 when he was up a few hundred thousand to bail out.
The last time was in the 20's and then finally at 15 cents and I was able to get out at 40 cents.
GMG ended up being very kind to me on each occassion.
Anyway, each time I have got in too early and kept averaging because I believed the fundamentals at the time and that they were oversold by institutions. GMG has been a favourite of mine because due to the liquidity you can take large positions and there is a ready buyer when you want to exit. I think I have been a bit lucky.
However, this time their is a complete lack of clarity and with the news coming out of the UK I will stand aside. I think GMG could have tremendous upside when things are clearer.
Overall, I have carried out a lot of research on the property trusts and love the volatility.
As far as I was aware you can't short GMG.
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Last
$36.35 |
Change
-0.750(2.02%) |
Mkt cap ! $69.03B |
Open | High | Low | Value | Volume |
$36.67 | $36.95 | $35.96 | $94.20M | 2.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 252 | $36.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.36 | 12477 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 275 | 36.280 |
1 | 3708 | 36.260 |
2 | 618 | 36.230 |
1 | 7740 | 36.200 |
1 | 7740 | 36.170 |
Price($) | Vol. | No. |
---|---|---|
36.360 | 8175 | 2 |
36.370 | 412 | 1 |
36.420 | 618 | 2 |
36.500 | 298 | 2 |
36.600 | 138 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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GMG (ASX) Chart |