Every dog has its day. It's in a very vicious downtrend at the moment. I think anyone buying with the expectation for a big bounce purely for reasons like "short sellers need to close", "it's oversold", etc, are deluded to what's actually going on in the real world. The price of lithium will likely trend lower for a fair while yet. By that time, GXY could be much closer to $1 and therefore this "bounce" that is supposedly going to occur may make you breakeven if you bought at current levels.
- Forums
- ASX - By Stock
- GXY
- Banter and General Comments
Banter and General Comments, page-6632
-
- There are more pages in this discussion • 14,400 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online