Galaxy is and will continue to be in the short term, under a sustained attack to push the share price down.
Mac bank were one of the main instigators in driving the share price down from mid 40's to 30 cents when they down graded their 12 month forecast from 40 cents to 30 cents.
As we all found out later, Mac bank had bought over $10million dollars worth of GXY shares in the 50's!!!!!!
So on one hand they tell everyone that 30 cents is their 12 month target yet on the other hand they are buying @ over 70% above their own forecast!!!!!!
From that you can conclude that Mac bank themselves will be buying your shares 70% above their new 12 month target price of 46 cents (78 cents).
In the mean time they and/or their clients with be looking to make a small fortune by shorting GXY before they switch to going long.
It's all just smoke and mirrors to take money from retail investors. Don't be sucked in by it.
All in my opinion of course.
DYOR
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