snoop and GCN....I reckon this is where the wise punter just...

  1. 1,280 Posts.
    snoop and GCN....

    I reckon this is where the wise punter just leaves it alone. It has now become unpredictable and therefore, if you aren't interested in the LT possibilities, then best to steer clear and put money elsewhere.

    If you believe in the "GCN story" then it doesn't matter if you pay a little too much today, because you're taking the LT view and you believe that GCN is the real deal.

    If you have doubts and you jumped in for the DT or to make money out of the hype, then there is currently NO SAFE ENTRY PRICE from a short term / DT perspective. I think most of the volume / momentum has now run and any news will cause a bit of a pump in price, but from here on in it's likely to be slow and steady accumulation, or the opposite....

    All just IMO - I am hoping to exit for brokerage or a 1 tick loss in the morning, either way I will be exiting ASAP because it's too hard to tell where price is going from here.
 
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