There's been talk over the week end of a possible correction of the market of about 10% in Europe and North America others have forcasted a possible correction in Asia in the range of 15% . Some said gold was due to retreat in the short term before picking up for winter as it follows it's usual cycle , the same was said about a correction in oil following the recent spike , in the meantime broad support from countries having large stakes in US dollar has been witnessed fearing a sudden fall of the US dollar and their assets .
So it seems a lot of interest are concurring in capping commodities prices as well as the broader markets recent spikes , As we witness markets have been reacting nervously over the last week or so and most stocks are feeling the pain , in the case of GWG recent news about the financing enhenced the fall to the actual price around 0.26 . If we look at the price following the first announcement about financing it steadied around 0.30 while the share offering for the financing was 0.31 , the actual offering for $2.5 m is of 0.28 a share .
So considering the new share offering of 0.28 and if we discount an additional 10% for market correction and maybe another 10% for shareholders deception we then get 0.22 as a possible low imo , but right now support seems to be around 0.255 to 0.26 .
Now in order to make a decision one must consider it's own perspective and time frame , i personaly got back in at 0.30 and if i had any cash available today i would be bying based on my circumstances .
Regards !
Tec