GDN 0.00% 1.7¢ golden state resources limited

protect capital, page-40

  1. 514 Posts.
    Antimatter

    I think you are committed to holding around at the current price level, but if I was you I would set a tight automatic stop loss to jump ship if the SP goes any further south. Don't forget, if the SP tanks and you're stopped out, you can always re-enter the trade at a lower price and start making money on the rise. If Warnie was right and you stop out at .5c and buy back in at.1c you'll make some money on any rise back to the price you sold.

    However, if the SP was to go as low as .1c, I'd be thinking that at that level, the company would be valued too low to be viable. I would be more inclined to think it will find support around 4c, though there is someone on the buy line with an order for 1mil shares @ .1c
 
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