GXY 0.00% $5.28 galaxy resources limited

Galaxy #1, page-17

  1. 2,132 Posts.
    lightbulb Created with Sketch. 67
    Not sure if that’s addressed at me but ive been fairly consistent and have been long a number of time on gxy but dropped the long trades in July 2018 based on MS filing a substantial holder notice which indicated they had borrowed the shares and were shorting (and not as some people thought were buying- can tell from appendix a) and I went short when broke 2.80 (but didn’t hold all the way down as I tend to close shorts every couple of days and reassess. Pointed that out on post below

    from post 34612224 - July 2018 when price was 2.93

    “In any case range trading from 2.90 - 3.30:40 has been successful but this time around I’m staying away as too dangerous as i think MS may not have sold the borrowed shares on last notice and bought back yet and are looking to close the short /buy back at a lower price than where the 2.90 support is that signals start of the usual range trade.”


 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.