Looking at the size of those open shorts and stellar bull run, I...

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BabaRoga_space

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23/03/19

10:54

Post #: 37860723
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Originally posted by SplitFusion: ↑

Your post is both well organized and thoughtful. I am most likely in a different situation because thankfully I am still green on my GXY shares, I have dipped in recently with the freakishly low price tag, but not a lot, because as you say, you have to be somewhat skeptical of what is going on even if all of your research says the opposite.

I think the root of the situation is communications and clearly this is not Galaxy's strong suit. I agree that sentimentwill drive everything, but I tend to think it is more of a sector wide issue. If sentimenttowards lithium and EV's were better, then all of the lithium companies (good or bad communicators) would all rise.

Shorts are really not the problem. They have just as much to lose as the longs, some might say more because a long can simply hold and possibly recover whereas a short has to pay up NOW. What "is the problem" is investors who really have not researched a company and got in on a "hot tip" or a whim to make a quick buck and then can be easily manipulated to sell.

SDV is a key part of my reasoning that GXY will become a much larger player. I am very keen to know the facts about how and with who this asset will be developed, but I also have to accept that the same "quiet" people that did not tell me that there was a POSCO deal, but were actually working to my benefit, are the same people I am trusting to move us into a top 5 slot in the next 6 to 10 years. I have to trust my research, and be prepared to adjust if needed - having views from others (like yours) definitely is welcomed.

Go Galaxy Go.

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Looking at the size of those open shorts and stellar bull run, I suspect a lot of those shorts would be hedge shorts by large shareholders.

That's what I'd do, if I was big fund with large GXY holding.
It would be the most logical action to take.

GXY Price at posting: $1.99 Sentiment: None Disclosure: Not Held
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Add GXY (ASX) to my watchlist

Looking at the size of those open shorts and stellar bull run, I...

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