Out of curiosity what does everyone on here think the catilist for the turning of the SP will be? I mean we have solid announcements due out but I think it’s been pretty well proven that the shorts control the situation pretty well. I mean let’s say come Monday and we have money in the bank. So what? Will be a short burst of buying then after lunch as asb83 says the gxy fade begins
Personally I think anything short of a TO bid won’t do to much atm.
Also it wouldn’t shock me if the company was useing JPMorgan as a fence for potential TO offers. Makes the most sense to me given there has been really no institutional buying or TO offers as of yet.
GXY Price at posting:
$2.19 Sentiment: Buy Disclosure: Held
