I Don't agree, it would be bad timing to add more supply to the fire......with so many new deals done recently it would be best for GXY to hold back any major development ...UNLESS ...a major car manufacturer comes in to develop SDV...........
With retail buyers in a dilemma with the DUMMs ( Deutsche , UBS, Morgan Stanley , Macquarie ) creating stories of oversupply ......buying side is this and so making easy prey for " shorters"....best to stand back and wait for major price support level to buy in.......even shorters need to close positions to make profits!!!!
GXY Price at posting:
$3.00 Sentiment: Buy Disclosure: Held