I imagine the sophisticated and professional investors who participated in the G8 education share placement of 21 million shares at 90 cents each in Feb 2011 aren't real happy with the current GEM shareprice of 67 cents? OUCH!
GEM.AX G8 EDUCATION ORD ASX Daily Commentary Our system posted a HOLD today. The previous BUY recommendation was issued on 07.15.2011 (11) days ago, when the price was 0.7250. Since then GEM.AX has fallen -7.59% . A Warning is in order! The previous BUY signal failed. Downward momentum now reached to intolerable levels.
You can either wait for a new bullish alert or sell the immediately. It is up to you. We owe you an apology.
You can play the short side assuming all risk if you want to. Our stance, however, is currently neutral in this matter.
GEM Price at posting:
67.0¢ Sentiment: None Disclosure: Not Held
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