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(GOO.L) Gold Oil PLC Buy/Sell

4.55 +0.22 (5.08%) Up arrow Add to portfolio Set Alert Level 2 Desktop Trader

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Author Aittch     View Profile | Add to favourites | Ignore
Date posted 2009-11-03 15:00
Subject Retrace to hover around 5p 
Opinion Strong BUY
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Avatrol, I'm totally with you on that. Most of the drop in sp over the last few days has been down to the market. I believe they will definitely make it back to the 5p mark and hover until we get some news. On that basis, it does make sense to buy around the 4p mark and make some short term profit.

I'm in for the longer term and have a shed load of these shares (average of 6p) so my strategy is to wait and see if they drop any further to make it really worth me averaging down or start rising, in which case I may also buy more.

My view is Strong Buy if you are taking up a fresh position or are in a position to average down by a significant amount (and you are still confident in GOO). If not, I would consider holding and wait and see.

As usual DYOR, consider your personal financial position and attitude to risk.
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