Decided to cut losses today and sell my gdn holdings...(plus many others I may add)
I have a ML account with etrade with 40% lend on gdn..b ut with the market in free fall..to protect at least some of my capital i sold of many stocks (i end up with 60%)that helped stop the haemorraging on the rest of the portfolio. The only stock i bought today was pno...at .009...that will double before any of my other stocks i hold doubles.
GDN has cost me heaps, but you cant look backwards only forwards. i even sold 1 mill ego today at av 4c just to clear the clutter...who knows when the downturn will stop on the markets..better to have a bit of something than a whole lot of nothing
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