OTCQX:GTBAF - Post by User
Comment by
Goaweighon May 30, 2019 1:45pm
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Post# 29785855
RE:Drill plays have crazy swings
RE:Drill plays have crazy swingsWhat gap are you talking about, the gap between $ 3 and the recent run to $ 3.80 + or some other ? The stock has consolidated around $ 2.50 to $ 3.00 for ages so falling below $ 2.50 seems a bit unlikely....although it did fall to $ 2.20 mid May but I think there were reasons for that such as exercising of warrants.
Now that's over with and we have an entirely new discovery, which is huge in it's own right, and we are starting to drill with 3 drills, I suspect that the news flow might increase a bit making a significant pull back unlikely.
I think the low $ 3.00's is possible but I doubt we'll see a $ 2.00 number again unless the decimal is moved over one space....like this: $ 20.00
FOMOalpha wrote: I sold my position today. That is a huge gap left on the GBR daily chart. Gaps won't be necessarily entirely filled usually but they always get partially filled at least in my experience. Another reminder is drill plays are very volatile. One discovery gives you 30 to 50% gains and then you could see it goes all the way down and gave back all of your gains. I experienced this multiple times in my past. Just want all people here to be cautious and protect your capital and gains