GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Update-GXY.AX, page-167

  1. 374 Posts.
    Price has been pinned with a wall of volume all rally. A million sell-side shares at each critical price strata. Wanted to run earlier in the week, but somebody with deep pockets is keeping the price contained. Short side is very low, only 0.23% of market cap, so i'm guessing it's a big player trying to accumulate a bigger hold.

    Will be interesting to see the next round of brokers charts and try work out who this player is.

    Still have a buy order @ 43c - top side of the volume wall. Happy to miss out on all this 35c - 40c whipsawing, but I don't want to miss the run when the volume wall is finally lifted... it will likely happen when least expected.
    Last edited by Ravenhaller: 08/09/16
 
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