I'd say this is once again an effort from the big boys to hit stop losses and scoop shares. I don't believe any sane investor are selling manually at the moment but rather people's stop loss triggers are being hit.
The GXY history making announcements are just round the corner.
Q417 would be magical. In the mean time, someone's stealing someone else's shares with their familiar tricks. They know people always fall into the same traps and snares.
GXY Price at posting:
$2.65 Sentiment: None Disclosure: Held