Amigo, that is a very good strategy. The ASX is a very tough game, so we have to take opportunites when they come. Another strategy was told to me once by an old chap who made a fortune on Poseidon Nickel. He said that when you sell a "dog" stock, don't sell all of your shares, even if you think at the time that it will never ever recover. He said that often when these stocks eventually hit rock bottom, they will get a new boss or a new prospect. Next they will need to re-finance and so they will make an offer to shareholders of up to $15,000 or so at a very, very low price (plus the opportunity to take up more short-fall shares). He said that then is your time to re-enter big time. The strategy after that is to sell on the way up. I don't think that we will need that strategy for GRL, but it is a strategy to remember for the tough times. The ASX is a game of snakes and ladders, and we need strategies to be on more ladders than snakes. Enough rambling.
GRL Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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