You would think that the shorts would not be borrowing GXY shares at say $0.85 to say $0.95 and expect to pay back at say $0.60 when clearly GXY fundamentals would "not allow" that to happen ! It is quite obvious that only "uneducated" or foolhardy traders would entertain taking a low SP position like that ! ...and to risk losing over 100% of your investment if say the SP gets to at least say $2.00 ! ...and you would think that these "short traders" would have a reasonable amount of trading savvy ! ...and the more the SP rises the more shorts will have to cover their positions and return the shares back without taking too much of a financial hit ! Which will "fuel" the fire under the SP with more longs seeing a turnaround in GXY and buying ! Which will "fuel" the fire even more ! I would be really nervous if I was shorting GXY atm ! ESPECIALLY if I have recently jumped on to the GXY "Shorters Express" !
GXY Price at posting:
$1.07 Sentiment: Buy Disclosure: Held