GXY 0.00% $5.28 galaxy resources limited

re: Ann: Project Approval and Business Licenc... OK, thelynxx....

  1. 1,335 Posts.
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    re: Ann: Project Approval and Business Licenc... OK, thelynxx. Thumbs up from me. Just one further note: I stake my belief on the notion that the reason the sp got as low as it did was not "natural." We watched a month of activity that can only be described as manipulative. Every attempt that the sp had of becoming buoyant was dealt with methodically and clinically.

    In fact, I don't believe it's over. They're still at it. My hunch is that someone is trying to keep the 30 day average price low for whatever purpose that might achieve for them. I can see no other reason for the steady suppression which used the relentless sale of sub-$1000 parcels as its m.o.

    Volume has been increasing with the sp, and that in my experience is not a bad thing. No crazy spikes recently either. I believe that the big plunges GXY suffered over the past weeks was opportunistic, with the accumulating party driving the wedge deeper when it could on a Dow horror day.

    Never a dull moment on the market, eh? Cheers back.
    ST
 
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