I've been back in from $2.35 (Sept) after it started to show signs that maybe it had finally bottomed.
It seems to be taking another healthy breather at current levels but if it can break thru resistance at $3.50 I'm going to top up with some more.
I think from a fundamental perspective things might be slowly started to improve for the wine industry. I believe this to be a well run company with good management. They have been doing plenty of overseas expansion and cost cutting thru the lean times. Looking from where the price has fallen, there's potentially plenty of upside to come.
MGW Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
