ASX bluechips have enjoyed a nice rally lately and have sucked up alot of investor $$$. A good handful of investors would have closed their no yeild investments (like GRY) to join in the rallying bluechips.
The rally looks to be losing steam and this week's round of ASX earning reports will likely see the top-end of the market come off quite a few points.
Perhaps we saw a bit of that hot money already coming back into GRY on friday. But it think it was mainly shorters starting to cover, which could continue into this week .
Around 41c-45c is a good time to have been buying imo. Should get a quick 25% from these buys.
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