GXY 6.40% $3.51 galaxy resources limited

vicious circle, page-49

  1. 3,892 Posts.
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    Nothing worse imo than someone "bagging out" (and thats generous) something they want to buy into, just to try and gain a better entry point...

    As I said, people should read the posts from the period I mentioned and see it for themselves. They can make up their own minds on his character.

    Its the approach, the techniques and the very intentional information he targets that is the issue.

    In the end, if you thought $2.00 was fair value, how much below that would you bother buying? Cause he will buy in at a level not too much below at some point. He will then change tact. And you know as well as I that his $2.00 "fair value" will not be close to the level he would look to sell out again...

    He uses psychology well to try and do what he does. Not sure if he has studied it properly or just picked up things along the way, but there is little doubt that he knows the effect of what he does (part of that is the denial of it all...).

    All these claims of "he picked it and no-one else did" are just crap. If you have no intention of selling, why would you talk about where the share price might drop too ? Pretty dumb thing to do. If you have a long time frame, you can take the opportunities to buy more should they happen, but you hope they dont

    If you have a conscience you dont try and talk something down that so many other decent people are looking to invest in for growth.

    Sure, shorting is legal. Sure, shorting in itself is not a cause for so much share price decline. But in truth, no one really though that was the case.

    Now shorting being used in an illegal way (unfortunately there isnt any law and order on the ASX...) and all the obvious pass the parcel and selling to yourself to push the price down artificially... well thats another thing altogether.

    Then add in all the LIES and DECEPTION and you really are FAR from the original "simple" claim that "shorting is the problem".

    So no, shorting isnt the problem.

    Shorter's are.

    At least the ones that practice their art in the ways I mention above.
 
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