‘The funds are feasting on Gxy because it is a strong company and they can short it without killing it’
- it’s because they cannot invest in penny stock, their charter prevents them
‘The retailers don’t have as much money to invest’
-that’s why many retailers invest in penny stocks like Gxy when it was 2 cents and many have made several hundred thousand if not a million from Gxy by going big in 2015 or earlier
The number of retailers have dwindled significantly and Gxy is now controlled by funds’
-that’s because retailers are smart, they diverted their relatively small money (even after making several hundred thousands, it’s still small in the scheme of things vs funds, and also many of these retailers have paid off their homes, cars, children’s debts, holiday homes, boats, long awaited vacations, and so with less money left, they’re determined to repeat their Gxy success in other penny stock opportunities which are abundant in asx- just look at the number of newcomers whose stocks have returned by many baggers in the last 18 months, you cannot count them with your fingers and toes. Retail know a small cap or micro cap can quadruple or do 20 baggers their value much easier than blue chip.
https://www.moneymorning.com.au/inv...rofiting-from-australian-small-cap-stocks-edx
‘Shorting’
-they’d do wht they’d do as you say, profit is king, whether it’s ethical or not. Corporates are required to avoid a conflict of interest or even just an appearance of a conflict of interest. But many have no respect, or under much pressure to perform, they’ll do what they can get away with or sometimes even things that they cannot get away with - just look at how many business leaders are going to prison for their white collar crimes, and the billions of dollars banks and businesses pay as fines for their behaviour. And these don’t seem to stop. For those who are newbies and who have watched the movie series “Bad Banks” it’s an eye opener. Insider trading practices seem to be rife, most probably majority are not found as some perpetrators are murdered, banished etc by their co-horts to avoid exposure.
So...........
Whatever we say, shorting will continue.
I hold a modest holding here in smsf as I don’t expect to get the money for personal use in 20 years.
I’ve only made real money from penny stocks so far
I’ll continue to hold penny stocks that have strong fundamentals, strong management - the next Gxy, the next PLs, the next kdr potential.
Gxy has assets that will make it thrive and grow more, but don’t expect 20 baggers here.
Gxy is no longer the Gxy of 2015, so most smart retail have moved on - LOL, those of us still holding are comforting each other and encouraging others to hold tight against the funds, but they’re too strong and high rewards like 300% in a year are now history imo and retail knows it.
Retail have very little influence now on Gxy SP imo
It’s still fun to exchange views in this thread but reality is we should expect modest growth compared to when Gxy was 2 cents, and smart retail are on the prowl for the next life changing company.
Best to all galaxians.
Cheers