I would like to hope a base of support at33c has formed , but this can change in a flash with market sentiment or a announcement......it has been really hammered lately so it should go up. The selling pressure present could be from people selling who expect a share drop when ANSTEEL are issued their script(like the SPP of past). However , I would assume Ansteel will not sell script , so drop should be short. I wouldn't, expect a retrace to 30c so that could be a definite support point, so buying script around that should be safe.
I'll give my opinion if people are interested .....but don't be too confident with any posts. Here's a thought though, if you bought at the 30c point you,ld be sitting on a 10% profit in 2weeks. MOST PEOPLE WOULD be happy with that.
CONFUSED??????
GBG Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
