Sell off after announcement has been overdone in my opinion...

Sell off after announcement has been overdone in my opinion ..... of course, having said that a bloke should have known to take a nice profit at .60 before everyone else did.

still, there's every reason for optimism in globe's revival. it's restructured and costs are under control, its brands are doing well in the marketplace and .... not the least is the fact the aussie dollar came off the boil over the weekend. it's hard to see it going much higher, so any downward pressure can only benefit globe longer term. hence I'll be holding my holding to wait for 12 month tax benefit.

it's already crested .60 twice, that's the resistance point, and I'd be expecting a steady climb back to mid-50's in coming weeks and perhaps a run towards .70 midyear. anyone else (chartists) have a view???