GXY 0.00% $5.28 galaxy resources limited

General: Share Price, Trades and chart related discussions, page-1252

  1. 11,389 Posts.
    lightbulb Created with Sketch. 1584
    lets play devils advocate again, and see where this leads up.

    if someone who wanted to drive the SP down say bought lets say all stock traded for the day, assume thats 10,000,000 on a typical day, and decided to sell it at a 2c on average loss, by EOD (forget about covering their shorts), thats a financial loss of about $200K per day. across the 200 business days of the year, this would total an annual loss of $40M per year in total. this would be more than enough to destroy a company, lets say.

    how many Billions in profit did those Oil companies make a year again?!
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.