GXY 0.00% $5.28 galaxy resources limited

Chart, page-2138

  1. 119 Posts.
    While I'm no expert, I can see how they can short sell only a few hundred thousand shares (losing little to no money if they do it right) and push the price down. Even if they lose tens of thousands of dollars doing that, when the price has been pushed lower and they're able to stock up on potentially millions of shares which are bound to rise 30-40% within the next few months, this is absolutely a worthwhile endeavour for them.

    Also if they were looking at a takeover, they could lose as little as tens of thousands pushing the price down 20% and save an absolute fortune buying out the company.

    Again, I'm not an expert but the best thing we can do is try to take advantage of these trends. Us small fish can't make much difference, I for one only own approx 25,000 shares, a laughable amount for the people manipulating the market.
 
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