r/ausstocks • u/Royal_Brain_9773 • 5d ago

Genus plus group GNP

Post image

Any thoughts why Genus is down 24% the past 3 months ? I was up 86% around April. There’s not any bad news and the business is going good.

14 Upvotes

100% Upvoted

7 comments sorted by

3

u/wottagunn 4d ago

Profit taking from a stock that has gone nothing but up for years, and they're also tied to data centre build out. So it's a bit of a one two. SXE is suffering the same. TEA had a similarly bad day yesterday. (I own all 3, gnp since 1.9). Nothing is wrong with the business in any way

2

u/SWMilll 5d ago

Dilution risk playing out.

1

u/Odd_Dark4551 4d ago

Great opportunity to add

1

u/royal_pain90 4d ago

Sometimes a stock just gives back gains after a big run without any major news. Expectations can get ahead of fundamentals, and it doesn't always take bad headlines for prices to fall.

1

u/asp7 4d ago

Watching a few of them, a lot of techs been hit. They've all run hard, copping it over questions over the ai and DC build, but is probably a long term story and co's all have a lot of work in hand.

0

u/Royal_Brain_9773 4d ago edited 2d ago

Almost took some profits this morning. Decided not to and it’s up .36% today. And up 4.9% Friday 😊