Hi ecsc.
I have been trading in and out of GMG for 8 months. The first time was right after the last cap raising. I got hammered initially but then got out at $1.20 plus.
The next time I got in before the last distribution was confirmed in the 50's and was able to get out at 85 cents plus the 9.65 cent distribution (very handy). I should have held on for the ride above $1. I advised karasco at $1 when he was up a few hundred thousand to bail out.
The last time was in the 20's and then finally at 15 cents and I was able to get out at 40 cents.
GMG ended up being very kind to me on each occassion.
Anyway, each time I have got in too early and kept averaging because I believed the fundamentals at the time and that they were oversold by institutions. GMG has been a favourite of mine because due to the liquidity you can take large positions and there is a ready buyer when you want to exit. I think I have been a bit lucky.
However, this time their is a complete lack of clarity and with the news coming out of the UK I will stand aside. I think GMG could have tremendous upside when things are clearer.
Overall, I have carried out a lot of research on the property trusts and love the volatility.
As far as I was aware you can't short GMG.
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Last
$32.56 |
Change
0.290(0.90%) |
Mkt cap ! $61.93B |
Open | High | Low | Value | Volume |
$32.20 | $32.79 | $31.73 | $122.6M | 3.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $32.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.63 | 423 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1000 | 31.900 |
1 | 230 | 31.700 |
1 | 500 | 31.610 |
2 | 105 | 31.600 |
2 | 62 | 31.590 |
Price($) | Vol. | No. |
---|---|---|
32.800 | 1000 | 1 |
32.900 | 138 | 1 |
32.960 | 499 | 2 |
33.400 | 200 | 1 |
33.410 | 93 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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