My approach has always been to hang onto the gxy holding for the long term, only topping up very occasionally.
This stock had now become seriously undervalued- even if you have the most bearish view on the prospects of SDV. This morning I was able to top up at $2.98.. which is ridiculous.
Even if the company is unable to come up with any major news on SDV, anything below $3.50 is still a comfortable buy based on the prospects of WA alone.
And if the company can make a good announcement.. even better.
GXY Price at posting:
$3.04 Sentiment: Buy Disclosure: Held