I am pretty neutral about delta corp. On one hand you could make the argument that it is forming a bull flag pattern.....But with whole GST fiasco, I'm a bit skeptical.....
However, does gambling and drinking really go away? As long as there people who are willing to spend, these activities will exist. I hope the GST council comes to it senses and makes reasonable decisions.
So what to do about this stock....Best case scenario, things will hopefully clear up in the next few months, worst case scenario would be they close up shop and move to another casino friendly country....
It is a risky bet, but if you really want this stock, open only small positions, not more than 1-2% of your capital or wait and let some more clarity come with regard to its GST issue...
Be patient, market offers infinite opportunities, don't have FOMO, let Price action dictate the direction of the stock....
However, does gambling and drinking really go away? As long as there people who are willing to spend, these activities will exist. I hope the GST council comes to it senses and makes reasonable decisions.
So what to do about this stock....Best case scenario, things will hopefully clear up in the next few months, worst case scenario would be they close up shop and move to another casino friendly country....
It is a risky bet, but if you really want this stock, open only small positions, not more than 1-2% of your capital or wait and let some more clarity come with regard to its GST issue...
Be patient, market offers infinite opportunities, don't have FOMO, let Price action dictate the direction of the stock....
Trade active:
I'm currently having 1% of my portfolio and will continue to buy to a max of 10% of my portfolio.....aaaaand I found this...
w.tradewindsnews.com/bulkers/bulker-group-delta-corp-finally-sees-the-end-in-sight-for-desired-public-listing/2-1-1526729
w.tradewindsnews.com/bulkers/bulker-group-delta-corp-finally-sees-the-end-in-sight-for-desired-public-listing/2-1-1526729