An interesting case in point is GMA Resources.
Firstly,I would highly recommend to avoid initial euphoria , usually leads to a broken hearted investor and we should avoid that at all costs.
Thus assigned we have bottoms of 0.16 or 0.10 , and peaks of 0.32 and 0.24 . This leaves us on 16/02/13 with perceived values of 0.24 & 0.17 divided by 2 = 0.205.
Therefore ,on monday one would expect strength up to continue until it assumes this equilibrium.So,a recommend buy up to this price.
As we all realise , newsflow moves share prices and in GMA`s case . A make or break date with destiny in may 2013 ,will change this and swings coming towards that date with may , well be exacerbated again.
Exciting times indeed. Will that huge £40 million investment materialise ? Your guess is as good as mine.
Any news up to that date will cause discombobulations. A trader`s delight and personal sanguine for us small investors .
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