GXY 0.00% $5.28 galaxy resources limited

Galaxy Resources dilution or not?, page-117

  1. 13,710 Posts.
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    I'm not sure why you are so confindent that the latest news (and imminent clarification) is unlikley to put a bend in the end of your trend...
    To me anyway, it seems that because the new shares aren't being picked up by retailers, there shouldn't really be any scurrying to grab an overnight 5 or 10 percent by selling immediately, as we sometimes see with offers to the broader market.. IMO, the funds are buying in to see longer term, more significant gains, they're not interested in a few cents, they're at least hunting the imminent re-rate surge once the stars align a bit more with SDV.
    Some big players or shorters may try to steer the market tomorrow by forcing it down, temporarily, but, imo, only to pick up a bunch more a bit cheaper after some nervous nellies see it as "the market reacting badly, so it must actually be bad news" and selling out to those hungry hippos. The worst part about that is the triggering of stop losses that they can force to help their cause. Sneaky.
    IF it does drop, and you pick up a few cents (or more), well done. We know that you'd like it to drop for re entry but your confidence in it tracking down in the current channel is surely influenced by a cognitive bias linked to your current position..? And you're certainly correct in emphasising the criticality of being agile and responding to all the "mini trends" as they appear - if you're keen on day trading - but many of us, I suppose, are confident that it's all headed in the right direction for us in the med-long term, so aren't too fazed by the noise along the way.
    Whether that bend in the trend comes tomorrow or next week, I don't really mind! IMO the good fundamentals skew the probabilities associated with typical TA, but I'm not sure how to incorporate that into the TA process... Agility is probably the key, and not getting stuck without a chair when the music is paused. Are you nervous at all? (I'm not suggesting that you should be, but genuinely interested because it could very well gap up hard and it'd undo the last couple of overlaps you managed to trade..?)

    I just hope the big fish don't play silly buggers with the price tomorrow to "create" negative sentiment through the lemmings effect.. Can't stop 'em and can't tell if it is them anyway I suppose..

    GLTAH and those new ones coming on board!

    It'll all be a distant memory in 12 months from now!

    All good news as far as I'm concerned. Onward and upwards. Buy the dips?

    (And Crash, I'm just dumping some thoughts, not having a shot at you, cheers)
 
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