GBG has lost its trading range that we had since 2009, more of a long termer since the capital raising (as is generally the case when this happens). The lower end of the 12 month broker targets still have this at $1.30 (higher end at $1.65) so it is a good place to park some money at these levels if you don't need the money soon. I don't see the value in a strategy of averaging down however (you generally lose more money than make it in most scenarios). There are better trades for short term gain around, but this is a good stock to hold for a while.
GBG Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
