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10/09/16

09:47

Post #: 19066668
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Originally posted by Ravenhaller ↑

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.

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Hi Raven, Agree! I wouldn't be expecting to necessarily see a SP boost when ASX200 listing is official, however, I would be expecting to see more retail and funds buying in the weeks following.

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