I adjusted my stop loss (which is not an automatic stop) each week. And then chose to ignore it based on my understanding that GXY is fundamentally sound. But when the share price then just keeps falling and falling way down past my "stop" then I start to wonder about what it is we don't know.
I never had a predetermined upper limit. If it had kept on rising above 4.46 I would have hung on for the ride (and increased by stop loss each week).
BTW, I don't know if this is being manipulated to the extent that some on this forum think it is. There are hundreds of funds out there all with different investment strategies. For every fund that might be into shorting, I would have thought there would be a fundamentally orientated fund looking for good value. So with the share price continuing to fall the way it has been, I again have to wonder what it is that we don't know.
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