I actually need funds for a property purchase.. I needed to sell a portion of my portfolio and it made sense to sell the worst performing and least likely to grow in the next 6 months.. This is now at 3 year lows and has fallen almost 20% since the ASX rose by abuot 40%..
Technically this is in very bad shape and unless it bounces off $1.55, I can see this going lower for a while yet.. The upside is very limited in the next 6 months or so before the next earnings release. I don't see this one making any serious progression in the next 12-24 months so there is plenty of time to get back.. Not that I would likely make that mistake again.
TGR Price at posting:
$1.56 Sentiment: Sell Disclosure: Not Held
