Shortman shows data from 2 weeks ago. The ASX has now not listed short sales for GXY or GXYDA for two days. This can't be an oversight. What we're seeing is profit taking by newbies, which means, I think, that we'll consolidate at the pre-consolidation level of 41-43c, i.e $2.05-$2.15. The low volumes at which the sp decline occurs is also encouraging. We're now just waiting for big news. We're blase about shipping stuff now. Everything is known, so sp will not move once it gets down a bit further.
GXY Price at posting:
$2.25 Sentiment: None Disclosure: Held
