These are the facts:
MS wanted to make money during the time of uncertainty, these are sale of Sal De Veda, contract price negotiations for next year, strategic partnership with offtakers. They helped the shorters to drive the stock to the bottom of $2.08 in exchange for 50 basis point of the value of borrowed stocks.
As soon as they have got the confirmation of the positive outcome from the negotiations with the interested partners , they changed what they have always known it is right that Galaxy is the future and it is an overweight.
under normal circumstances, the short squeeze should have been massive, but the market is holding off until the result of mid term election is known.
I also believe the company will time the news when the election is over.
I see a three in front of Galaxy share price very soon, hence I will add to my position which is currently 200,000 in the green every time there is an opportunity.
happy days ahead.
cheers, Sydney
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