TP wrote: "I actually sold some of my other favorite GEO stock, PAX, to collect more GDY at an average of about 148c - well below my interpretation of where fair value lies."
This would appear to be impulse buying/selling! Both geothermals have not deviated from their flight plans over the last months, yet in that time you have sold GDY to buy PAX and now sold PAX to buy GDY?? It would seem to have made sense to buy more PAX, given the roadshow coming up. There's a much greater chance of a large percentage increase in PAX than GDY, especially given the lukewarm (whoops geothermal pun) reception given to the news of the completion of Habanero 3. I speculated some time ago that a lot of success was factored into GDY's share price, and this would seem indeed to be the case.
RNE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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