Yes, painful and also quite silly given most other Lithium companies (but not Altura) are up today.
It is absolutely and totally a manipulated effort to push down the GXY share price before Thursday's quarterly.
I am very confident the quarterly will be good news all around.
This is a last ditched effort by the parasitic institutional traders to steal a few more shares from long suffering loyal holders in this company. They have done well by shorting the sector in general, but are in too deep with GXY and can only hope to pick up a few shares here and there from weak hands.
They have to cover something like 66,000,000 shares which simply aren't available.
As Joe Lowry said in his recent podcast, the bottom is probably in and the sector might bubble along at these levels for another 9 months or so. Somehow though, I don't think that is going to be the case with Galaxy.
GXY Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held