FGF 0.00% 18.0¢ first growth funds limited

FGF Re-rate, page-5

  1. 288 Posts.
    lightbulb Created with Sketch. 77
    Have just recently come across this very interesting Stock. FGF Certainly has a lot of potential.
    Being a 41% Crypto based company also offers an opportunity to invest in Cryptocurrencies indirectly.
    This is clearly seen in the comparison of price movements between BTC and FGF.
    BTC FGF.png
    Solid line being FGF. Interesting to note the recent upward move of FGF which is outperforming BTC. Obviously this is due to the listing of Acudeen. In the long term though I think that FGF will overall continue to track with BTC. (Like other stocks eg DCC.)
    These next few days/weeks will be very interesting as BTC is at a point where it will either Break down below 6K or break out of the down trend and start heading upwards.
    If BTC breaks down below 6K then FGF will pull back a bit to near 1c for a while. ACU may also have a temp pull back.
    If BTC Breaks out upwards then that's when FGF will really have a strong Re-rate.
    It's not a matter of IF FGF will Re-rate but WHEN. Next week or next month???
 
watchlist Created with Sketch. Add FGF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.