Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

0.00%

$5.28 galaxy resources limited

Chart, page-14091

First 14091 Last

Share
Profile

Follow
rvajna

8,321 Posts.

607

02/10/19

22:01

Post #: 40695158
Share

Originally posted by GCar: ↑

Nice posts DS and STW!

STW you have summed up my thoughts nicely - no stop losses, more accumulation, not really that bothered by the managed share price, awaiting the 60 million pre-ordered shares (shorts) to be bought back.

Let’s imagine we are somehow 50 cents tomorrow. So what. Gonna sell out? Why would you when the next handful of years is only looking better and better as time goes on - Just look at how all of the forecasts and committed $$$ and development of battery factories etc has only kept increasing over the past few years. Of course this 50c scenario is “ridiculous” but my point is that like STW notes - if longs were going to bail they’d be gone already! So now it doesn’t really matter what the price does in the short-term... it is only an issue if it won’t ever recover, which is a scenario that no-one has yet been able to reasonably propose and support.

No doubt a lot of short action today, will be interesting to see if the total shorts had increased or whether the daily shorts are trading intraday... is that total figure (15-odd%) telling us the number actually short sold or does it include others being held as possible for short selling but perhaps not actually sold short yet?
I seem to recall there was a lack of clarity about those figures, discussed some time ago, and some mention of it including available shorts but not necessarily all sold ..? Anyone? Thanks

Expand

What if the world goes into a severe recession as China implodes? Is 10 cents possible? Lots of things have happened which were unthinkable a year ago.

GXY Price at posting: $1.02 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus