Respectfully disagree on that one. Some of the biggest names in the Industry are touting the potential benefits of consolidation - not cloak and dagger at all. It's all out there for everyone willing enough to get their heads around.
At the present moment I would reckon it is to expensive to grow organically in this emerging industry. On the flip side and IMO , I would rather argue that the time is ' right ' and the time in ' now ' for growth by Acquisition . And may very well get a little cheaper from here , it would be my view that we are close , and it doesn't get too much better than right now.
Consequently and following on from my post yesterday , I would continue to suggest that this is what the Market and the SP want , and indeed factoring and anticipating into the mix.
So in light of this folks, I decided to open my account with GXY once again with an initial parcel . And while I fully expect further weakness in this sector on account of the general consolidation thesis , I am equally prepared for the task in supporting my position from this initial entry..
Lets see what happens from here folk's. All the best - especially for LT's. Should get increasingly interesting from here IMO......
GXY Price at posting:
$2.04 Sentiment: Hold Disclosure: Held
