GREY:PGDIF - Post by User
Comment by
mill44on Jan 28, 2015 4:18pm
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Post# 23374116
RE:RE:RE:Volume
RE:RE:RE:VolumeFor now it's the bears turn to be cautious. If you look at the longer timeframe, if there is a move up, the next leg should be aiming towards 30c. That makes me think that we will have to wait for it. Without the warrants it would be easier. If I picked up a bunch of shares at 15c, I would be dumping them and wait or buy warrants. Defined risk, unlimited upside. Too tempting for traders, unless the warrants start demanding a nice premium. So hold on to your warrants.
For now, watch the 19c, but if it goes down to 17c, still won't jeopardize the change.
As you can see, it will be hard to trade this. Like I said, they should have made everything possible to hold on to the 40c support. Medium term, you want to break 30c and hold above it, long term you need to go above 40c, then you can hold your shares and add on dips.