GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-7354

  1. 5,936 Posts.
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    In the interests of fairness and to avoid accusations of hindsight trading, I have to disclose that I've closed out all my short positions this afternoon and have a little long parcel now with a fairly tight stop around $1.20. Almost hit my $1.25-26 short close price, but happy to bank a good profit. Should have kept my original $1.28 target but I got greedy and lowered it. Long parcel is mostly TA based.

    Directors buying is generally a good sign that they see value at these levels. They were a good indicator in 2017 when they bought near the bottom.

    It's still well within a downtrend channel. Would be looking to get out if it gets towards the top of this channel.
 
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