Thanks for the reply fnbig1 it would seem iv also been in the stock for a similar amount of time as you. I just disagree with your conclusion. You may remember conversations on HC when we were on the way down and passing though circa $1.5 about how the instos are accumulating etc but then black rock went below 5% holding and ausbill sold a few %. Now we’ve seen ausbill buy back in, but no sign of any other insto. The ETF data that has been posted is a far cry from the 24 million shares required to become a significant holder. I suppose my point is, HC posters have been making claims all the way up from $1 how the instos are buying, if that were true it really dosnt take that long to buy 5% of the company especially given how high our volume has been in recent times. More to my point look how quickly the ‘instos’ were able to cover there shorts.
GXY Price at posting:
$3.10 Sentiment: Hold Disclosure: Held
