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20:27
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Originally posted by Michael Angelo
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There is no logic to this price action, even if it was a pullback in the lithium sector it does not explain what has happpened to GXY, no lithium company has suffered the way GXY has. It has been under siege for 4 Months now. It is at the mercy of the insto's and I would imagine they would be working together to pull this down and take profits on the way. remember these guys owe nothing to this company certainly no eligence. GXY is just a company they can rape and pilage until there is nothing left to take. Then they move onto the next one. Kind of like a cyclone only worse. I also dont think it is just one single source pushing it down it is a combination of a few things remember there was 100M shares issued at 53c I would imagine they have something to do with it and the few big cross trades that have occured out of nowhere. despite having no impact on the price. Then you throw in shorters & Bots having a feed on the way also, All legal of course.
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It was simply the 100+ million shares management issued to instos and sophisticated investors when they did the CR. ammo should be drying up looking forward to a change in trend
