GXY
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0.00% $5.28 galaxy resources limited

Ann: Galaxy to sell SDV northern tenements to POSCO for US$280M, page-138

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  1. Jehosephat
    2,728 Posts.
    lightbulb Created with Sketch. 377
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    29/05/18
    13:00
    Post #: 33352267
    It's about volatility. Shorters feed on volatility, but they can come unstuck when sentiment changes and the SP stays above the price that they last sold the borrowed stock for and they have to buy it back. That's the dangerous territory some of them are in right now.
    GXY Price at posting: $3.40 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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