TA - Short Term Trading, page-1470

IMO the charts aren't reflecting the true situation. I'm not concerned. about any (small) pullbacks.

Yesterday, I wrote the following in "CHARTS":....

"l see this as being all about ORE.
If it wasn't for this TO("merger") and the increasing Li price, then I'd expect another drop.
But the booklet is released and the institutions are burning the midnight oil as I write.
Firstly, ORE has to breach 6.90 (few days) and continue an upward trend.
I think the shorts are closing their positions and they will be buying.
If I'm correct then the momentum might push 7.20 to provide some confirmation.
We're then (to a large degree) in the hands of the institutions. How much stock is out there? Reporting season, etc and the fact that ORE will be worth more due to its new asset (GXY).
I see that then the institutions will factor in the value of GXY which then should see the price of ORE settle close to the AGM.
ORE today closed at 6.6
So at ~60% GXY has a gap which still hasn't closed.
I think GXY is unlikely to drop by much except for those who close-out causing intra-day drops.
I'm currently buying.
Don't take this for anything other than comment."....

We'll, both companies had a good Thursday! But we are likely to see some choppy conditions going forward.
Because of the fluid nature of the deal GXY sp will be offered at ~60% of ORE sp, which then the institutions have the quandry of pricing the 2 companies.
Once again I see the focus being on ORE and the whole thing will get down to the strength of the ORE balance sheet and the markets' reaction (leading into the cut-off date).