Post by
techaser on Apr 06, 2021 1:10am
Gud - technicals
Looks like GUD is finally breaking out here, stock has broken through the 100 day moving average 5 days ago. Huge bid in for 150,000 shares at 5.50 today, looks like support has finally arrived.
The worst is over for GUD , management wars, Brazil Covid hell has resulted in the worst case scenario for this company. Sales are now about 200 million a year and covid hell will end even in Brazil. Company is making money almost every quarter , great time to start buying back shares now. The only risk here is general market collapse which could easily bring share price back to 5 or below again. With about 400 million in cash in investments not much downside here.
GUD will reap huge benifits from Profound (PRN) and Anitibe (further down the road).
Too bad this board is not the quality it was over 5 years ago when I first invested in GUD. Made huge money in the gold stocks and could not resist another opporttunity to buy back below 6 again. ,
Comment by
MrMugsy on Apr 06, 2021 8:59am
Welcome back Techaser !!!