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6,404 Posts.
473
24/07/22
18:21
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we all know the reports is going be good but they are expanding and people dont like burning cash...
also wefox is very similar to gefen , they just raised money for ipo... which vaule the company over $2 billion..
the ownership is also a problem, when insider own over 50 percent of shares...
i do agree gefen has good software and technology sector.. it take some time for sp to recover..
if gefen can generate some profits soon , sp will rocket nicely..
not a good company for day trading , $13k can move the sp by 24 percent..
just think if you put $100k...
the sp might hit 40c...
![https://hotcopper.com.au/data/attachments/4530/4530763-577f8fc1b8e81b8fbdbd549fc1db1825.jpg](https://hotcopper.com.au/data/attachments/4530/4530763-577f8fc1b8e81b8fbdbd549fc1db1825.jpg)
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