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$5.54 greencross limited

I would really doubt a stock price of $3.50. This would make the...

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aruc6393

2,531 Posts.

746

14/06/15

22:17

Post #: 15465301
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Originally posted by UpsNdowns ↑

I prefer the phrase "like watching a train wreck in slow motion". All anyone can do is watch...

I suspect (using Technical Analysis) the share price will likely drop at least another dollar. I know others are expecting it to possibly go as low as $3.50.

Of course it is impossible to know what will happen with any real certainty, but I think I'll sit out until there is a real correction. As the saying goes "never try to catch a falling knife"...

With all that said I have nothing against the company, it's a solid business. It's the sychizo share market that forced the share price to unrealistic levels. I'm sure a few happy punters made good money, whilst those that loyally held on are probably crying themselves to sleep every night...

I suspect some may sell as a tax loss in the next couple of weeks to off-set capital gains, before buying back in at some point.

Good luck to all holders and DYOR

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I would really doubt a stock price of $3.50. This would make the market cap around $410 mil.

GXL Price at posting: $6.14 Sentiment: None Disclosure: Held
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0 Great analysis

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