Wohoo! $1.74! - Hopefully it can hang onto it because we all know that there's a massive battle royale between $1.70 - $1.72
Shorts must be sweating now. If this continues over next few days (which I believe it will), we should see shorts start covering end of this week and next week... leading into new financial year. Then the $$ from Superfunds will start buying.
Insane shorts over last few days: http://www.shortman.com.au/stock?q=gxy
But like I said.. a LOT of Bargain Hunters pouncing... totally oversold by all indicators!!
Just have to be patient... we'll get to $2.00 eventually.. slow and steady....no sharp rise and sharp drop please!
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