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I note wary responded to that message and there were plenty...

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Winter08

2,132 Posts.

67

29/04/19

16:56

Post #: 38310057
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Originally posted by Winter08: ↑

Not sure if that’s addressed at me but ive been fairly consistent and have been long a number of time on gxy but dropped the long trades in July 2018 based on MS filing a substantial holder notice which indicated they had borrowed the shares and were shorting (and not as some people thought were buying- can tell from appendix a) and I went short when broke 2.80 (but didn’t hold all the way down as I tend to close shorts every couple of days and reassess. Pointed that out on post below

from post 34612224 - July 2018 when price was 2.93

“In any case range trading from 2.90 - 3.30:40 has been successful but this time around I’m staying away as too dangerous as i think MS may not have sold the borrowed shares on last notice and bought back yet and are looking to close the short /buy back at a lower price than where the 2.90 support is that signals start of the usual range trade.”

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I note wary responded to that message and there were plenty others around at that time when I outlined reasons t stay away from long trades I don’t give anyone a hard time for holding all the way down if that’s what you want to do but you lose a bit of credibility if you have a go at me now

GXY Price at posting: $1.52 Sentiment: None Disclosure: Not Held
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