GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy to sell SDV northern tenements to POSCO for US$280M, page-67

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  1. 3,028 Posts.
    lightbulb Created with Sketch. 3707
    ouch those shorters are going to hurt, as happy as i am seeing my investment rise, i do feel bad when anyone looses money.

    In saying that, shorters had to be real silly to short a stock they knew had eminent news. Its not like GXY didnt give a 100 hints.

    If the shorters are still thinking it will retrace, i'd suggest you wait a week as today is only the start of the run, somewhere during the day the investors will digest this and the closing action we see will give you a real indication of domestic institutional interest. I predict its going to be a very strong volume at close. price is subject to where we end up, but 20% plus is entirely reasonable in my opinion.

    Overnight, we will get the international interest.... followed by a good run of herd instinct.

    Well thats my 2c.. Good luck to all for a stellar day!
 
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