Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

6.40%

$3.51 galaxy resources limited

Chart, page-166

First 166 Last

Share
Profile

Follow
Facthunter

4,033 Posts.

229

15/06/17

12:13

Post #: 25291329
Share

Originally posted by Nccc ↑

imo this will go down in history as one of the great con jobs of a asx listed top 200 company in history. it must have taken weeks of planning.

step 1 wait for consolidation. much easier to short a stock when its 2$ plus.

step 2 wait for june to help shorting with tax loss selling

step 3 start selling stock at 2/2.30. retail holders start to panic and question why sp is dropping. must be bad news on the way. rumors start up on chat lines. bots sell small amounts in massive volumes at bid driving down price.

step 4 sell it heavily the day before bad news is released to give impression shocking news must be coming. stops being hit , margin calls over night increasing the sell of next morning.

step 5 release bad news market goes into free fall retails punters throw in the towel, more margin calls , massive volume created thru churning , day traders get involved adding to the volume and churn.

step 6 shorters buy back stock they sold at $2 plus cleaning up big time.

step 7 asx says nothing to see here

Expand

Mate this does rate a mention compared to some of the sh!t that goes down on the asx.

GXY Price at posting: $1.59 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 11,277 more messages in this thread...

First 166 Last

Add GXY (ASX) to my watchlist