IMO this pullback may go down to mid 80c or 90c. It's about max. 20% difference.
It's all about weighing the risks.
"Risk of missing the big news" vs "risk of losing 20% profit".
If you want to trade this stock, I think beisha's strategy is good. You could sell part of the holdings and buy it back when you think it is a reasonable bottom. And as we all know GLN is having a whole lot of room to grow, so you can always comfortably buy it back.
If you are a long term investor, you probably don't want to risk missing the coming announcements. Then holding is also fine, just a short term pain. It's another good opportunity to top up. We have been through those kinds of periods not long ago (from 64c to 43c and from 85c to 60c).
DOW and NASDAQ did terrible last night + new cases in Sydney + lockdown fears, I reckon Monday would be extremely ugly. Get ready for that
All IMO, GLTAH
Charting, page-1045
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.3¢ | $759.7K | 4.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1414432 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1080 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |