GXY 0.00% $5.28 galaxy resources limited

SeeTheWorld...You would think that the shorts would not be...

  1. 997 Posts.
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    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" !
 
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