GKP - Buy, Sell, Hold?

Well, as I appear to have stirred up as bit of as buzz, I feel I should come clean and admit to being in the Jackozy camp: I sold my CFD's yesterday for a well-earned profit. As he said, greed plays no part in trading and I've definitely been there; done that!

I do retain some shares, which I've held for a number of years and I've written-off, so any profits there will be gratefully received

My option was to de-risk. In particular I decided to close my leveraged long and sell a small %age of shares. I concluded that since the verdict cannot be known (at least by us) the only reason to not de-risk would be due to greed and that is no way to trade (been there, done that, got burnt).

Without today's court verdict I think there are bearish signs in the chart (but not conclusively so) and that added to my decision (I decided also to make my decision based on my analysis and ignore the news). FWIW, here's a link to my review on my blog:

www.ftsecharts.com/37/post/2013/09/gkp-d...judgement-chart.html

Good luck to all. It's been a long time coming...let's hope the end is not so far away!

Interesting poll
I see that many will prefer to hold to see what the out come is....seems to be the smart thing to do.
A few wanted to buy before hand....proper gamblers

Well,come today it will be out of your hands .
It's a tricky one. I personally have not got any shares in GKP anymore but that's only cos I've made my money and was happy with it. I don't care if it goes to £10 or £1 . It feels good to be on the out side for once. I used to have a massive amount of GKP shares (14p days)and was emotionally attached so had to get rid of them. Helped with the buying of our property...love GKP..
Today will be a crazy day and my advice to people would be just stay clear of the herd. If its good news then don't rush to buy.Wait for the dust to settle. If its bad news ,then again wait for the dust to settle as if you join the herd you won't get the best prices but this would be a tricky one as it all depends on your entry.. If the court case goes against GKP then I expect 30% correction minimum. Throw in the herd and this could easily do 50%. Who knows??
So good luck to you GKP holders . I hope the court case goes in your favour.
Fingers crossed

The other option could have been do nothing but I guess that's the same as don't know!

By Popular demand, please vote above:

Should you Buy, Sell or hold GKP before 4.30?