"the reversal is going to be swift and...

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Metalduster

7,909 Posts.

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19/01/19

08:51

Post #: 37162260
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Originally posted by GCar: ↑

Here's a theory....

The insto's planned all along to smash lithium companies all year (2018), although to get GXY to drop as much as the rest, they needed to increase their short positions from about 8% (Jan 2018) to about 17% over the year.... Because, well, their bs strories about prices collapsing and the Chileans ramping up their production, DSO fantasies, and oversupply garbage, was just not enough to drop the price of our GXY to the levels that they wanted, without their interference through short selling.

Where would we be had the shorts remained at 8%? That would have been about 40 MILLION LESS shares sold over the year, every one of which put "fake" downward pressure on the price. Also, plenty of stops would have been hit along the way, "falsely" representing departure of long positions. Forced; not by choice.

Says something for the strength of this company imo. Plenty of others halved in value without a short invasion.

As I keep saying, the reversal is going to be swift and brutal, especially as it looks increasingly likely to be aligned with an awakening of the general public about what the future of transportation actually looks like - as the ads become mainstream and the tipping point gets closer and closer.

Still buying.

DYOR

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"the reversal is going to be swift and brutal'
.......................................................................

Wont happen like that as we are 3/4/5 yrs away from any boom for E/Vs imo

Now we get Tesla today, trying to find ways to get their promised $35,000 Tesla Model 3 to the Market place.

https://edition.cnn.com/2019/01/18/business/tesla-layoffs-elon-musk/index.html
( Tesla share price down 13%)

The longer it takes all Car Companies to get to parity for prices between ICEs and EVs the longer we wait for proper increased Lithium demand.

Taking that into account and the fact that SDV is 3(/4) yrs away then the GXY S/P wont spike anytime soon. imo

The only true mover for the Share price of GXY atm is SDV moving into Production.

Not going to happen tomorrow
The shorts hold the whip hand atm

Good luck all
Md

GXY Price at posting: $2.25 Sentiment: Buy Disclosure: Held
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0 Great analysis

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