I have exited most all my 550k position in the market in the last two days in the low/mid 1.70s range. Whilst I am of course not bearish, given it has been 4 weeks since the bullish press release, and we now only have a week or so before the deadline, its reasonable to assume negotiations were perhaps not as 'in the bag' as I had first concluded. That, plus the 50% rally in the stock since my entry, mean the risk/reward is simply just not what it was.
Of course I still think the most likely outcome is a positive settlement and the stock pushing through $2 on that news. That said, if it falls through for whatever reason there is now much more downside in the stock from current (high 1.70s) than when I first got involved.
Will continue to watch and may well get involved again once the decision is handed down. GLTA
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Last
$1.33 |
Change
0.020(1.53%) |
Mkt cap ! $342.8M |
Open | High | Low | Value | Volume |
$1.32 | $1.36 | $1.31 | $256.1K | 192.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8840 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 2089 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8840 | 1.320 |
1 | 2089 | 1.315 |
2 | 9589 | 1.310 |
1 | 2089 | 1.305 |
2 | 13500 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.335 | 2089 | 1 |
1.340 | 2089 | 1 |
1.345 | 2089 | 1 |
1.350 | 13787 | 2 |
1.360 | 24323 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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