SYR got a bit of a stitch today.
The downtrend will continue soon enough.
What the Brainiacs don't understand is why stocks are the most shorted.
It isn't necessarily that they are bad stocks.
Although it may be in Galaxy's case
They are shorted because of the volatility
Funds make increments of up and down movements......The shorts are longs as well.
That is how the market works.
They make money either way...as long as there is big swings...
At 80 cents there wasn't a lot of movement
Downward while cash is maintained.
As the cash vanishes there will be more movement to the downside...
Cheers
GXY Price at posting:
$1.22 Sentiment: Sell Disclosure: Not Held