GBN.V Weekly P&F

The weekly P&F chart on GBN.V had been fluctuating, but the bearish price objective mostly stays the same @18¢.

Expect that further financial distress in Europe will cause a rise in long dated treasuries in the U.S. Possibly that might mean the U.K. will become the focus. Any rise in treasury prices is bound to have negative effects on the GBN.V share price due to delta hedging strategies in place and algorithmic trading churn in the stock.

A significant reversal in long-dated treasuries in the U.S. will obviously cause a panic rise in GBN.V stock.

GBN.V is trading on trailing earnings of 2 profitable quarters and one breakeven quarter. 10P/E on 2¢ a share net and comprehensive earnings. GBN.V could possibly trade on forward earnings should the management decide to pay a dividend, thus completely changing the outlook for the company.

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