RE:RE:RE:RE:RE:Keeping in Mind Reality check.
GBR is way, way up there compared to where it started from.
Stock markets right now are insane and in many cases makes no sense.
People rush to buy Hertz and Kodak.
Investemt horizon has gone down from years to months to weeks to intraday-trade.
What new investor would want to go long in GBR when you can make way more money short term investing in the latest hot stock? I'll try to trow in a picture here, no idea if it works but anyway...
This is what day.to-day in GBR looks like in Tradingview, picture shows the last month. Trend is actually going down. Does it look like a hot investment to you short term?
I know. I will get to take some flak for stating the obvious. But I can live with that. Just look at the chart. GBR is not the place to go right now if you are into making short term capital gains. When not even Tuesdays news can move the stock but actually have it plummet, the evidence should be pretty clear.
If you buy GBR right now, you do it for longer term. If you hold GBR right now, you are in for a bit of a haul. CT is absolutely right iwhen he's claiming he and the team are working to create value for the share holders. But that horizon is not 1-2-3 weeks or even months away. They aim at getting Dixie ready to be sold off. And that might be a year from now, or more. Then the share holders will get their pay day. Not now, not next week, but when Dixie is sold.
My best bet is that we will not see any real move in the share price before we either get relisted on TSX (and why do that? It will not add share holder value as the aim is not to step up the listing but to sell Dixie and cash out) or get bought out. Perhaps we will cross $20 comes fall. That is a "mere" 20% move upwards. I got stocks that has moved more than that in a day during the past month.
I intend to move back into more than my current portfolio position of about 50% GBR, but not short term. There are other plays that provide way more leverage right now.
Do yourself a favor. Sit down, think, look at the charts. If you are long GBR, just log off from the forums, it will save you a load of frustration from seeing the stock move down on good news. If you hang around the forums all day (like I do...) perhaps it is time to take at least some sort of vacation?
I dunno bout you, but I am going sea kayaking.