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I just reviewed the GLOL levels and I think we've finally hit rock bottom. Looking at the data, $4M it appears to be an area where selling pressure is quite exhausted, so from here there should be more stability.
The interesting thing is that most of those who sold recently did so at a loss, buying above $8M. Now I see that some of the big players who exited early are re-entering at these prices. That’s always a good sign.
So basically, if you haven't sold in panic yet, now is the time to start considering repositioning. GLOL seems ready to recover from here.