huonscott: There does not seem to me to be any "ramping it up"...

huonscott:

There does not seem to me to be any "ramping it up" as you suggest.  In fact, the whole process of the rise to its current level seems to have been fairly ordinary and without massive swings in either direction.  There has not been a mass dumping of shares into the market by the sophisticated investors who took part in the recent capital raisings either which gives me some comfort.

Sure, we got a speeding ticket the other day but other than that it has been business as usual.

I would love to buy more at the moment but do not have the available funds.  I bought in early as previously detailed on this thread and therefore find it strange to be buying more at 400%+ than my original entry price.

I then reflect on the fact that I bought Yowie (ASX:YOW) at $0.35 when others had paid only $0.175 and it went on to make me a nice return selling out in the 70c range.  It all comes down to "Anchoring" and how our brain selects an initial reference point and bases future decisions around that point.

In my case, my "Anchor Point" (my entry point) for GLF is $0.004 and with the price at $0.017 at the moment, it appears to me to be an expensive buy.

However, someone new to the stock may look at it and feel that there is a lot left in it and at $0.017 (their "Anchor Point") it represents good value.

I am sure in weeks and months to come, I will look back at this post and wonder why I did not buy more.

Good luck to you all and please read my disclaimer carefully - this is not financial advice, never was and never will be.

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