The Bot trading being seen here is very similar to what has been happening to CDU. Some believe that it is one or more of the big boys positioning themselves for a TO. Continual small trades trading down and then covering the shorts plus extra, at the end of the day or several days later. One has to make a detailed study of just which brokers are handling the trading down and the covering.
This type of trading, although bloody annoying, is indicative of a greater interest and one that is prepared to take short term losses for the end result so hang in there. Pay day will come.
GXY Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held