GXY 0.00% $5.28 galaxy resources limited

Is it really just shorters that are causing this? Yes, there is...

  1. 2,490 Posts.
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    Is it really just shorters that are causing this? Yes, there is great fundamentals and now cash flows from Mt Cattlin. But there has been dilution due to the recent placement, and the development of Sal de Vida will require more capital raising at some stage. Maybe for these reasons some holders just want to cash out and take profit (or maybe minimise loss). I wish I had taken Crash's advice and got out as it turned over. Too late now though. But I'm not buying more until this goes back into an uptrend again. And then I'm going to pay more attention to the TA because its quite heartbreaking to go down 30% + even if I am still in the green.
 
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