Club Mulgoa

Wednesday, June 08, 2016

GMM

I don't trade because it is too much a gambling exercise.  However, when a stock rises phenomenally without any good explanation beyond what was a reasonable announcement, sometimes I do sell.  And then if it falls phenomenally after that for no obvious reason, then I would buy what I sold back.

So, I sold GMM at 70c+ and then it crumbled to below 50c.  And now I am selling the same small parcel again at a much higher price.  Today, it is 86c.  Because it has been crazy so I put a higher sell price... 

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