TSXV:GLG.H - Post by User
Post by
bendergardenon Aug 26, 2011 4:49pm
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Post# 18984416
Things have changed when....
Things have changed when....I bought more this week, and my average is now $5.88. Not long ago, $5.88 would have been a really good average cost to own this thing. Now its more than $2.00 above the current price. Things sure have changed in stevia land.
I expect to get back above $4 soon (on just pure oversold), barring total global market collapse. However, right now, the $6 level looks light years away.
It will require legitimately eye catching news/results from GLG in the next while to get any kind of momentum.
I hope the company learned a thing or two from all this mess, some of which is their own making. Not counting on it, but we shall see. Anyway, I now won't buy more until the $2.75 level or so. Not worth the bother at the moment.