well that begs the question, how does a stock go down on such a positive day especially with materials rallying on top of what was a good quarterly on top of having ample cash flow to the extent of nearly 35% in cash once POSCO completes
Why? Once again, that institutional shareholding is a curse as if your going to hold stock for along time, you might as well make some money manipulating it whilst you wait for the cherry... That in my opinion is why this share doesn't move but you can tell there is a technical wedge forming , at some point in the next month this will move to the next high which is closer to $5.
I encourage everyone to look a the technical chart. What you will see is a clear pattern of jump, followed by a slow pull back (institutional shorting), followed by a jump, followed by.....
Why ASIC doesnt look at institutional prolonged shorting is beyond me, Its clear manipulation!
GXY Price at posting:
$3.14 Sentiment: Buy Disclosure: Held
