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.
GXY Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
