GXY 0.00% $5.28 galaxy resources limited

To understand whats going on you have to recognise the pattern....

  1. 37 Posts.
    To understand whats going on you have to recognise the pattern. Fund managers use the media to seed their rumours before shorting their target. The journalists love fearmongering news espescially if it begins to materialise as it swells their readership. Its hilarious because the supply for lithium hasn't even come online and the news is spreading rumours of a supply gut from every expert willing to testify (and sometimes there is no expert the writer merely asks the question). Its no coincidence that the lithium shares across GXY PLS ORE are have all been shorted heavily since these rumours began mid july. But there is no supply gut coming. The new lithium projects are years away from delivering supply. Is this blatant share price manipulation illegal? No. But how can you fight back if ASIC does nothing? Its simple, the shorters are heavily invested and this can be used to predict their behaviour and other fund managers are already making millions by squeezing shorts as evidenced by the recent swing trades. Buy in now wait for the squeeze. Sell out at the peak. Wait for the next round of shorts. Rinse and repeat.
 
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