What's wrong with telling someone my instinctive gut feeling? Instinct goes a long way you know. Here's some content then.
Looking at the charts over the last 12 months, when there is a consistent drop in SP over a week, and followed by 1 green day. 90% of the time the trend breaks (even if some of you call it temporary)
At current prices we are within $100m of available cash market cap, it doesn't seem probably the drop will continue, but we'll probably see some consolidation and rounds between 1.2 - 1.6 until the company stabalises.
Will be interesting but as i said the other day, i think we are over the big selling. Let's test the patience of these shorters now. GL
GXY Price at posting:
$1.31 Sentiment: Buy Disclosure: Held