I notice that you still hold no stock and have no sentiment, so I just wonder if you will ever enter. Though the saying goes, "those who ignore history are doomed to repeat it," (should be the battlecry of the pure chartist) it still does not tell us what is going to happen from day to day or week to week.
The sharemarket is not a casino, though some would like to play it that way. The research you do is valuable and when added to the reality of what is going on in the world, in the market, in the sector, on the timeline, then it's good stuff to think about.
But ultimately, you are either in or you are not. I am in and you are out. As a matter of simply courtesy, it would great if you could desist from the personal commentary. I had enough of that from the feline. Let's stick to the share and the company and the market, and please do keep those charts and analyses coming.
I do not claim to be a "better wise investor," as you put it. However I am am successful at it to the extent that I retired in my mid-50s and continue to enjoy returns on investments that are many multiples (even considering the losses I do take from time to time) of what I could get through any other instrument, be it real estate, bonds, or bank products.
I don't need to learn how to read the charts any more than I already can, because YOU are doing it for me. Thanks! All good CEOs surround themselves with talented specialists and advisors who possess knowledge in areas that they themselves do not have.
One thing that I do know about being a CEO (having been one,) is that in order to be truly successful, you don't have to have the answers. You do, on the other hand have to know how to ask questions and where to get answers.
That's the reason that I call the offices of all of the companies in which I am a shareholder, and also those in which I am interested. I urge you, as I did the caged one to call Galaxy's offices and ask questions. Add that to your prodigious charing talents, and the world will be yours!
All the best, and hope you join us at some point. The days tick by and Q3 and Q4 approach. Only 11 days to go until Q2.
Incidentally, I don't know if you care or are interested in understanding the reasons behind events, but the huge volume corresponded to the day that the company joined the ASX300, and despite what pussycat said about it not mattering and that it will allow massive shorting and plagues of frogs and locusts, it's also just possible that it's a positive. LOL
The fate of the sp is not in the hands of the little guy anymore. We are but corks on the ocean now, and as I said earlier, you are either in it or your are not. Glad to be in it, myself, and considering the dearth of negatives, I believe that the share will proceed in an orderly way to various levels at specific places on the timeline. First stop, 1.50....then, as the last boxes are ticked before production, 1.75...and then it will get interesting. Provided there are no major hiccups in the production, delivery and processing phases (though I expect some smaller ones) this company will be a big player in a burgeoning market for lithium and lithium carbonate. Once they are set up, nothing stops them from expanding further and getting even bigger. The world wants and needs resources, and Li has until recently been something used most widely in the pharmacology field and for things like pacemaker batteries. Now all you need to do is step into Bunnings and you'll be able to buy an ever increasing range of Li powered stuff, ranging from batteries to tools that they power.
Do keep in mind that here in Australia, we have a population roughly equivalent to that of the New York metropolitan area...and that China has dozens upon dozens of cities as big as New York and bigger. Don't look at the little trees, my friend. Observe the forest.
GXY Price at posting:
42.6¢ Sentiment: Buy Disclosure: Held
