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bombom

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08/11/19

16:50

Post #: 41326494
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Originally posted by Darkstone: ↑

I absolutely agree, but never underestimate the stubborn stupidity of the shorts, nor the amount of money they have to waste. They have made a killing on the way down and can afford to burn some of it on the way back up. They have had 18 months of buying rallies where the buyers ran out of steam in a few days just by throwing astounding numbers of shares at it. I don't think they will win this time, but I expect it to take them a while before they accept that. Just like with the longs in reverse. Right now some of them are sitting on big losses from the 35% rally and will be unwilling to cut their losses and retire - just like longs. So I expect them to do their inverse rally thing a few times, which will create gyrations in the price - up 10c down 5c, etc.

If they had any sense today, they would have let this run till it naturally slowed down, which would have been about 110 today, then attacked with everything they wasted in the morning and they could have driven it down to maybe 104. But they have no more sense than we longs.

But you are right about Monday - that is what is bothering me right now.

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Totally agree. It’s facinating to watch and partake. They’re nowhere close to throwing in the towel yet. I don’t think they are even close to the first bead of sweat.

GXY Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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Banter and General Comments, page-10873

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