Yes i'm patient enough not to sell down here mate..The paradox is that a company's share price has a habit of increasing by well over 10% amidst such a short-covering spree. GXY has decreased over 10%. We've seen the algorithm-parcels at play (manipulation) but are the algorithms THAT tricky to allow the shorts to cover at ever-lower prices...Perhaps super/funds who are grabbing-hold of cash (for early payouts to covid-destitute members) are feeding GXY shares into the hands of Credit Suisse whose algorithms have been shutting-out retail investors by executing lots of quarter-cent increments that only insto's are allowed to trade in..but then there's the timing of this AGM..A low-ball springboard (say high 60's) seems a good-setup for a 20% rally..back up into the 80's and a 'feel good' rally would surely help appeal to any swing-voters. It's that 20% climb ahead of last year's AGM that's thought-provoking as it seemingly 'came out of nowhere' from 6th May to AGM Day a year ago..
GXY Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
