GXY galaxy resources limited

gxy still shorted, page-31

  1. 2,046 Posts.
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    Firstly, welcome back Moorookamick. Now aren't the vast majority of companies shorted? I don't understand the point of posting how many shares of GXY have been short sold. If it is just one or a small group of individuals doing it solely for the purpose of manipulating the share price to thier favour then ASIC will deal with them. It's not like GXY is like Macquarie was in 2007/08 when the shorts were hitting record volume - they were drowning in debt and their business model was unravelling and the shorters rightly made money. Whether you agree with the carbonate factory or not - it is on the cusp of beginning operations and the company has jumped many hurdles in a relatively small time frame. If the global markets don't implode I can't see why GXY would fall much more from here. Good luck all holders.
 
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