What's with GNE? After a healthy gain post election it breaks down, and shows off the major supports and Fibs like a good stock, then says f'that and bombs to 100% of the low
after the IPO. But wait there's more, now it's in the opposite space as blue sky .. is that blue abyss?
Careful folks, there's no price precedent here or below and no-one knows how low this could go. Tomorrow could be the bottom, or not. What we do know from excellent FA posts is that the lower it does go, the better the yield is. Genesis isn't going out of business any time soon is it?
But here's a falling knife if you ever saw one.
disc: not holding but watching closely.
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