Just about all the stocks on my watch list or actual portfolio in the red today, so not a GXY-only thing.
I could guess about the next move... but... I have no idea as the markets have proven very hard to predict.
Long term I feel GXY $4 will be breached but that may be any time in the next 6+ months.
If there was no such thing as CGT I would have sold 50% of my GXY holding instead of just 5% as my "gut feeling" had been correct on the last 2 peaks. No point "saving" your capital and getting all the CGT suddenly owing in a single year and being slugged harder than holding in the dips until recovery.
Changed sediment to none... as people need to make up their own mind as to BUY/SELL as it really boils down to your own circumstances and time you're willing to tie up capital.
Long term, GXY has to be a winner with Mt Cattlin, JB, SDV and now L-Max. PS -I like this shocked face icon as i'ts my face when shares go up 5+% or down 5+%
GXY Price at posting:
$3.46 Sentiment: None Disclosure: Held
PS -I like this shocked face icon as i'ts my face when shares go up 5+% or down 5+%
