The day traders have had their little play with this stock and in the absence of any "spectacular" news FGE will just hover around the $1.00 - $1.10.
The lack of interest from the day trade "scalpers" is evident from the daily turnover volume:
14th Jan 15.1mio shares 15th Jan 5.2mio shares 16th Jan 2.4mio shares
and today
just 1.3 mio shares
Those still holding in expectation of a higher price will probably be holding for quite a while. Arguably, they may do better to get out now and put their money in to a stock that has a far clearer future.
FGE Price at posting:
$1.06 Sentiment: Sell Disclosure: Not Held
