Banter and General Comments, page-4957

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29/03/19

07:48

Post #: 37922380
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Originally posted by regal: ↑

Relax. The short seller want your shares. They need your shares. Here's what i've worked out.
In 2017 at $2.50 Mcbank valued the company at $3. There was 1 shipment and $40m debt. At $1.60, Joe lowry bought in and Ausbil began to buy heavily, sending the SP above $2.
Take 1.60 to be considered cheap, minus $40m debt and add $1 (cash in hand)= $2.60. This is the price JL and Ausbil began to buy. Now add SDV, valued at $2b ($3/share) as is. The real value as is $5.60.
Now add the YOP at $30m and JB.
On wed, 3680000 shares were traded, 2111000 were shorted, around 57% of daily trade.
If shortseller bought all their sold shares back plus some, they could maybe buy only half. Arounf 750000 share.
3600000-2111000=1569000. If they managed to buy half 750000. Thats alot of effort to get 750000 shares. This means the shares are not there to buy back, they're in trouble.

There was a guy on a different forum who bought a house for free counting shorts. He bought when they sold and sold on the squeeze.

There's 3m shares for sale on screen, but nothing at the trade. They are creating the illusion of investors selling in order to buy. Asswipe is a penny pincher and colrichard lost money on gold and has moved to lithium. 2% retailers have sold at a loss on a bluff. Just assets alone are worth over $5 as it is. There are lots of trades but no profit in it.
Charts are BS, did that 20years ago. Notice how chartists are not millionaires and analysts work for someone.
The idea of protecting capital by selling at a loss. Think. Try buying a cheap company with solid fundamental is much easier.
Arguing with the screen is waist of time.

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Good post

I just cancelled a small sell order and will wait for bigger gains.

I believe we will hit $2.50 easily within a year . We could shoot up like AGY at any given day once the good news is there

GXY Price at posting: $1.85 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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Banter and General Comments, page-4957

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