GDO 0.00% 30.0¢ gold one international limited

short term outlook opinions wanted, page-7

  1. 1,152 Posts.
    lightbulb Created with Sketch. 15
    I have lightened up on this stock recently and was looking to lighten up just a tad more (dont worry everyone I am small fry -trust me).

    But I am going to hang on to 'em all at this level because I think 38c is going to provide pretty good support so I see downside as pretty limited. You can already see some pretty good support in the market depth at 38c. If it breaks thru and under 38c I also think we will see some good buying coming in.

    The other factor is the takeover factor. I'm not holding out for a takeover but as I said I view downside as limited and moreso after todays action, so for me, why sell now.

    I dont think the recent downtrend is manipulation. I think it is people exiting on increased perceived risk and is not a massive surprise to me. But have a look at the GDO market cap. Its still cheap !
 
watchlist Created with Sketch. Add GDO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.