todays action, page-22

treefeed,
I can understand your anguish and despair as you watch your GXY shares slide down a 'slippery slope'.
After 6 consecutive days of falls, Monday will add to your grief...there are obviously factors at play that you do not understand...the market does not share your view and analysis of the situation and the market is the arbiter and the market is cruel at times (don't we all know that !).
You value the Company (fully diluted) at least at $268M ($1.57 per share). I value it at a lot lower than that.
I bought in to GXY in June,09 at an average price of $0.70 and sold out in early Sept,09 at an average price of $2.084 for a six figure profit.
I have studied this Company and the Lithium Market for over 1,000 hours and I feel that I can make a rational assessment of what is going on.
I think that this is an excellent Company with phenomenal upside potential over the course of time.
But I believe that this Company's shares can be traded for profit instead of holding them through all of the dips that are going to occur periodically.
When the shares have hit bottom, I will be back with a 'long-term buy sentiment',but that time is not now.
Traders in the market have opposing views and that is what makes a market.On any given day some are right and some are wrong.Forecasting is not an exact science,but thousands of hours of research can remove some of the mystery of how the stock market and individual stocks perform.
I wish you all the best with your decisions and wish you outrageous fortune.
Cheers for now,
thelynxx