GBG 0.00% 2.9¢ gindalbie metals ltd

Agree it is a fairly safe stock at this stage of the game. It's...

  1. 632 Posts.
    Agree it is a fairly safe stock at this stage of the game. It's just a case of how you want to play it. The temptation to take profit after such a good run is high and quite justified, but this is where the psychology comes into play. A sell at 1.40 will feel good if it retraces back to 1.30, but a sell at 1.40 feels devastating when the price goes to 1.50. Same price difference but we feel so different about the result.

    but regardless, and as previously stated, given the proximity to production, there is little doubt in my mind that the price will achieve broker estimates some time in the future. It's a case of when, and at the moment the biggest influence on the SP is the Dow.

    With Dow futures at 30+ at the time of writing I am satisfied with my decision to hold.

    I have still got half an eye on that gap up from last week though, will be a great buy point if it goes that way....

    finger crossed for tomorrow...
 
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