Certainly it looks to me like I have misjudged the level of retrace on this, I expected a dip of no less that 1.20 due to the buying strength yesterday following such a bad day on the Dow. Today we had a minor Dow rebound and our stock dipped to finished below yesterdays low. It is now sitting very close to my trailing stop loss so another Dow down day and I may have to jump off for a while.
As you have implied, it looks like the next support level is 110 so a finish below that will not be a good sign in the short term. Here's hoping your wrong bongp.
Longer term holders will probably be happy to ride this one out as fundamentally this is a fab stock to be in right now.
GBG Price at posting:
$1.17 Sentiment: LT Buy Disclosure: Held
