Only a few days ago I mentioned that I sold out of GAH (Gable Holdings).
Since then, the price has declined – it is down 3.8% today – and the 50dSMA has been moving up. Accordingly, this puts the
PV50 at 17% (Price versus 50dMA as a percentage). So it’s now in what I consider to be the “hold” zone.
In retrospect, I think my comments on underprovisioning were too paranoid.
Everything now depends on the finals, which I expect to be out later this month; although the company has not told the market when they will be produced. There’s a considerable growth story going on with GAH, so hopefully shareholders will be pleased with the results. I hope to write an update when the results come out.
Good luck all!