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18/04/19
17:46
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Originally posted by sf120:
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$ for $, todays volume is the highest in GXY history. I believe a big chunk of those shorters covered today. This is generally the game they play and given the lack of unknowns remaining, there isnt much for them to prey on now Maybe i am going crazy but there is something nice about knowing the highest volume day happens on what is a very cheap price. Reinforces the view of bottom given there wasmy anything wrong with the quarterly apart from the grade. Interestingly previous high volume was also followed by a change in general momentum (as you would expect with high volume). it certainly feels like a change in momentum and either way, its comforting to be this low as the risk of going lower is far less now than the risk of going higher.
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With the current Enterprise Value, someone can TO the entire gxy portfolio for $300M AUD. $1.52 is the major support back in 2017. Some dpec stocks out there worth $100m or more