GXY
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0.00% $5.28 galaxy resources limited

Its just shortsellers. The average for the 50 mil remaining open...

  1. money_makes_money
    37 Posts.
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    20/01/17
    10:22
    Post #: 22022033
    Its just shortsellers. The average for the 50 mil remaining open short positions is around 33 cents. If you had paper losses of 100 percent what would you do. Average down I guess. But flooding the market with shares in order to manipulate is borderline illegal. Anyway seems to have hit some resistance today. Possibly a short squeeze.
    GXY Price at posting: 59.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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