GXY has a historical negative correlation with the ASX 500, so when ever there is a dip it tends to trend up, and whenever there is a rise, it trends down. Look, I am a fundamental investor and yes the shorting is discouraging, but the very fact that shorters are interested in this stock is a good thing, as remember they are selling borrowed stock, if they didn't have the volumes (interest in the stock) to buy it back then they would be left in the lurch as nobody would pick up the stock at market value and they would be paying lending fees for nothing. The volumes are the key thing to take note of as this has been for a very long while a popular share, and many believe in it.(And with the current debt/equity ratios, and steady rev stream who could blame em).
If you think your going to turn 14,000 to 100,000 in the space of a FY, you should of started a meth lab as this might need a bit more time in the oven.
If you want to get rich quick, start shorting, but bear in mind, you could end up extremely poor just as quickly. (Risk vs Reward).
GXY Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
