It's not a tree shake. It's more that it's hard to justify a valuation of over $3 anytime soon. It's barely up since the POSCO announcement. What happened to all those saying shorters were going to get fried?
An interesting pattern with GXY is that it typically opens green and closes red. It's like a 100m sprinter doing a marathon - a rush of adrenaline at the start but fatigues really quickly.
GXY Price at posting:
$2.88 Sentiment: Hold Disclosure: Not Held