"While this is all orchestrated and going on retail is being squeezed and played as absolute fools and the weak hands and margin calls fuel the shorters. They want your shares!The lenders/borrowers(ones in the same) know they can't cover and for the sp to remain where it is but they don't care....why? Because when they have had their fill (of stealing your shares) they will cover and drive the sp through the roof... in which case they make their money again on their long positions. As I see it it's a win win for instos and retail has to go along for the ride. Quite a clever scenario.These people couldnt give two hoots about retail and as I see it they are in for the long term that's why they are manipulating this sp ATM. They know where this will be in 3-5 years time.All just my opinion but I haven't heard this angle mentioned previously."
I'm reminded again of a couple of quotes of investment wisdom, borrowed, from my own personal favorite investor, who was, the last time that I bothered to check, personally worth a ..mere.. USD $84.2 Billion.
1. "Find a great but undervalued company, with a great product, with great public demand for their product, and with a great company management team, then buy as much of its currently undervalued stock as you can afford and then hold onto it forever" ..and.. 2. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes".
As I've said before, IMHO, the ..only.. thing required to succeed with GXY is, ..Patience.. and so (providing that you can 'afford' to do so) hold 'em, don't fold 'em Folks.
GXY Price at posting:
$1.97 Sentiment: Buy Disclosure: Held