Damn, I was so sure that GXY was going to start an uptrend in May this year I went and bought a whole bunch of it at 1.62 by jumping the gun and buying before confirmation of the trend. The method I use is correct about 70% of the time and this time it had to go and fall into the 30%...seeing this is a company with revenues and hardly any debt, I will hold on to it I think as daily charts seem to indicate a bottom may have been reached provided it stays above 1.33...else more downside is possible :-(
GXY Price at posting:
$1.30 Sentiment: Hold Disclosure: Held
