I agree with a lot of what you point out, the trouble is I'm more forward looking than perhaps yourself, and based on my risk reward profile i'm happy with GXY as it stands. I've done quite nicely out of it the last 3 months, if it dips below $1.10 again I will likely look for another decent trading parcel, if not my LT hold benefits.
The next quarterly is not looking too flash for a COH perspective, based on known shipping.
Cheers
GXY Price at posting:
$1.21 Sentiment: Hold Disclosure: Held