SeeTheWorld...
You would think that the shorts would not be borrowing GXY shares at say $0.85 to say $0.95 and expect to pay back at say $0.60 when clearly GXY fundamentals would "not allow" that to happen !
It is quite obvious that only "uneducated" or foolhardy traders would entertain taking a low SP position like that !
...and to risk losing over 100% of your investment if say the SP gets to at least say $2.00 !
...and you would think that these "short traders" would have a reasonable amount of trading savvy !
...and the more the SP rises the more shorts will have to cover their positions and
return the shares back without taking too much of a financial hit !
Which will "fuel" the fire under the SP with more longs seeing a turnaround in GXY and buying !
Which will "fuel" the fire even more !
I would be really nervous if I was shorting GXY atm !
ESPECIALLY if I have recently jumped on to the GXY "Shorters Express" !
Chart, page-14641
-
-
- There are more pages in this discussion • 8,826 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online