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BabaRoga_space

1,793 Posts.

87

24/03/19

18:52

Post #: 37867339
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Originally posted by schmunzel75: ↑

Thanks for your interpretation.
However, you need to take the elevator from the basement (GXY view) to the penthouse (global battery mining and production industry).
What we observe with a birds eye view is that this IS NOT GXY-specific; it is sector wide problem. Your option B would have some credibility if only GXY would experience a drop in SP and increase in shorters. Also, if you look at the substantial holder notices and the SP at the time, institutional holders are still in the green at a 2$ with a much more de-risked company.
Where do you think all the shares come from when the shorters close their position? A CR?
Na, I follow what management and the largest holders do. Buy a few more and sit this out.
GLTA

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Really?
How do you explain GXY having 16% shorts, PLS 8%, KDR 5% (or so)?

In your sector wide theory, they should all have roughly the same amount of shorts!
But they don't!

Because each company has short positions according to the company specific risks on top of the macro risks....

I already answered 3 times how hedge shorts are covered!

GXY Price at posting: $1.99 Sentiment: None Disclosure: Not Held
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