Galaxy... GXY... Chart..., page-74

First 74 Last

Share
Profile

Follow
Ravenhaller

374 Posts.

10/09/16

09:29

Post #: 19066527
Share

Originally posted by airconditioner ↑

Well - before you let dust pile up on that swing hand
there is the small matter of the ASX200 entry after close on Friday to consider.

Yeah - it's been about as joyful as a funeral around here lately.
Truth is, as much as some funds have probably been prodding around to start positions, others are likely to be precluded from a single purchase until our ASX200 membership form is stamped, signed and delivered.

That happens Friday after close.

I'll be betting my thermostat on a ASX lift.
This is now back to business. We are in because we are highly liquid, good volume and emerging from the gloom of the speculative corner of the ASX into the bright lights.

There is TA and FA trading and then there is being in the ASX200.
Galaxy will be bought based on that stamp of approval by people who don't even know what we're doing and don't care, because our inclusion shows we must be doing something right.

If we're a bargain right now and sitting well under every valuation that has ever been given us, then even better.

Expand

Personally, i'm not expecting a price boost once the listing becomes official. I've looked at historical charts for former 200 entrant stocks and it typically hasn't set their prices running. At this point, I think the catalyst we're waiting for, for trajectory change, is more money in the bank from customers.

Regardless - expecting a very tough week next week - US stocks crashed last night, no doubt this will echo into our market on monday.

Last edited by Ravenhaller: 10/09/16

GXY Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

There are more pages in this discussion • 156 more messages in this thread...

First 74 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Galaxy... GXY... Chart..., page-74

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Oz traders follow Week 29 highs with Monday pullback | July 21

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Featured News