GREY:GLNIF - Post by User
Comment by
rusty777on Apr 22, 2014 11:36am
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Post# 22476642
RE:RE:Finally, a bottom?
RE:RE:Finally, a bottom?I have never been very good at picking the bottom - I am already down over 22% and with a mediocre dividend there does not seem to be much driving this one up. As mentioned previously my guess is that the market doesn't have much faith in management at the moment, and in fact hasn't for over a year if the charts are any indication. Given that I have already lost a substantial amount I think I will just wait and perhaps look at getting more if it drifts under $10.00 - if it doesn't - then I've missed the bottom but its probably safer to buy a stock going on a steady increase than one which seems to be coninuing on the decline - perhaps one doesn't mke quite the same profit - but it seems to have worked for Berkshire Hathaway
GLTA
Rusty