stringtickler, If $250 Billion is ear-marked for investment in the ASX300,then at today's date and for that matter at all times within the last year,the same $250 Billion is ear-marked for the ASX300.That means,it is fully invested at the moment and only a small amount of funds from the exiting Companies is available for new investment. This small amount of money will be allotted to all the new incoming Companies and would barely make a 'ripple in the bucket' as far as GXY is concerned,in my opinion.
The first thing that Fund Managers will notice when they consider buying GXY shares is a very well defined DOWN-TREND(lower and lower resistance levels and lower and lower support levels).They will probably avoid this stock until a well-defined UP-TREND is confirmed-----Fund Managers do look at charts and are generally conservative. Cheers.
GXY Price at posting:
40.9¢ Sentiment: None Disclosure: Not Held
