Will see what happens on Wed. Just a pure guess looking at the action today. I guess that GXY will drop on low volume. It's likely that it will trade side way and fluctuate between 1.28 and 1.35 for a long while. The announcement was pretty good good but it would only help put in the support at 1.21 and confirm that 1.21 was the near term bottom and we will find strong support there. With PLS (a more active company also in trouble) hovering at 0.48 when it was .80 a while ago, lithium stocks are really no exciting right now.
GXY is tough! I got in recently at 1.40 thinking it was low enough and averaged down yet I was in the red for a while! So today was a rare chance to get out and stay on the side line for a while. People keep talking about long term but I certainly did not enjoy watching my position in the red weeks after weeks!
Chart, page-13434
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