Just and update (not that i am the voice of reason or anything...

Just and update (not that i am the voice of reason or anything like that), however i originally bought in at $2.40 and have now average down at $1.70. Although the Santa Rally the past couple of days and likely going into new years eve/day have likely been the explanation for the steadying of GFY prices, i see $1.70's - $1.60's as a relatively convincing bottom for these shares. Fairview Equity Partners ceasing to be a substantial holder and the unloading of a significant number of shares has seen a slight climb in price since the sale.
I feel Godfreys has a bottom of roughly $1.60, and anything around this price is a good buy, because this capitulation selling we have seen over the past 2 months would indicate the doomers and gloomers holding these shares have hopefully unloaded finally and we should see some more long-term, committed shareholders who actually want to hold a portion of a good business at a cheap price for a decent term.

*A similar scenario is the recent BHP capitulation sell-off of shares seeing them sway around the $16's with individuals claiming how much lower they will be going in the next few days, only to see BHP and Rio Tinto as some of the best performance at market open today.... Don't get me wrong, I love it when people hate a good stock, it screams bargain price. I just prefer to find more investors in the same boat...I mean, I'm only human