Subs,
Fair point re the volume. I was just looking at the fact that 3.3m shares had changed hands and didn't investigate the reasons behind it (i.e. 1 big OMT).
My point still stands, we are seeing buyer fatigue and this is when the shorts come out to play. If the volumes are, in reality, low then I'd say we will see a continuation of buying soon enough. If, on the other hand, the volumes are increasing on a decreasing price then I'd be worried for the short term price outlook.
Not a big concern for the longs, just a few steps backwards after a big leap forward..... it's the way of the market!!
GXY Price at posting:
$3.45 Sentiment: None Disclosure: Held