GFY 0.00% 33.3¢ godfreys group limited

Potential Buying opportunity or any dodgey IPO, page-17

  1. 1,528 Posts.
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    Fair point Trippa - I always like the: "The market is not always rational and therefore does not move rationally."

    And you are right it can be frustrating to hold something which should move up but doesn't - however when I remind myself how long I have actually been holding an equity for I conclude I should not be so impatient!

    I still think give GFY another 4 weeks max we will start to get some positive SP movement. The sellers are holding out quite well despite some strange attempts at moving the SP down and I think it is only a short time until the volumes shifts to buying from selling and GFY will build more positive ground.

    The way I think of it is this - Even if I hold out for 12 months I think it is fairly reasonable that GFY's SP will move towards the $1.28 area which is a good 20% gain - and remember GFY also pays dividends........Not bad at all!

    The market just has to realise it and the sellers need to be patient as they currently are =)

    B.
 
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