GALAXY RESOURCES LIMITED (ASX:GXY) - vicious circle, 37753307, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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luckydog

5,662 Posts.

27

13/03/19

21:31

Post #: 37753307
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Originally posted by ljcamp ↑

it's the lack of announcements that has caused selling...
that's why we need a better team!

a sequence of reciprocal cause and effect in which two or more elements intensify and aggravate each other, leading inexorably to a worsening of the situation.
"Shorters were caught in a vicious circle: they could not be freed until they had covered their open ended positions, and were not able to cover their positions as long as sell volume remained low"

Logically speaking, what we have here is a indebted shorter, attempting to create sell volume with every conceivable trick in the book. If you are long and are blinded by this remove yourself from hotcopper and focus on the facts from the company announcements.

DYOR - The sector will turn, the auto industry is relying on it.

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GXY Price at posting: $1.98 Sentiment: None Disclosure: Held
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0 Great analysis

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