Galaxy... GXY... Chart..., page-2192

First 2192 Last

Share
Profile

Follow
The Dean

13,398 Posts.

1236

03/02/17

16:20

Post #: 22357421
Share

Originally posted by airconditioner ↑

A different take on the chart analysis.
Big question is - Are sellers running out of supply?

Just totting up the trading history for January.
Seems over 300m shares traded in Jan over 60c according to Commsec. thats about 15% of registry.
Add Chi-X. I'm guessing here but they've regularly been 60% of ASX. add about another 9%
Our Top 20 has been sticky add another 48.1%

That's 72% of shares unlikely to be on the blocks right now sub 60c.
Unless, that is our friendly chart-wielders have scared people out of the belief that the largest pure play lithium producer is suddenly, on balance, a bad investment.

But

Of the remaining shares how many are long term holds? - guys like me and Deano etc who bought large parcels a year ago. Plenty here from the old days. Sub 20c. Sub30c. Sub 40c.

Still here and buying the dips. Perhaps 10-20%? there.
Who knows?
These are all rough figures but the popularity of 60c shares all day long now point to seller exhaustion.
And perhaps some of the big buyers have worked this out. How to set a Bear Trap.

And on the flip side - those who sold in the 60s - how many are praying for shares in the 50s to scalp. Too many now. And how many of them and what price will they pay in the 60s to chase it when it takes off?.....

All stuff we find out soon.
Good Luck

Expand

AC, one of my favorite is "Steel Balls" DunkenBilly...sometimes I think he took that name during Bill Clinton's days. No bobbing for apples he's doing.

GXY Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BIO

Biome reaches intellectual property milestone in strain development program

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IR1

Iris Metals jumps +22% as NASDAQ's Stardust probes economics behind possible offtake

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 2,404 more messages in this thread...

First 2192 Last

Add GXY (ASX) to my watchlist

Galaxy... GXY... Chart..., page-2192

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Biome reaches intellectual property milestone in strain development program

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Iris Metals jumps +22% as NASDAQ's Stardust probes economics behind possible offtake

Trump is President Again: What Does This Mean for Crypto?

Featured News