Here is something for you all to think about. I was following Alexium a few years ago and their story is similar to the current Galaxy events in some ways. Company comes up with a good product, makes lots of promises mixed with expansion of the company. Share price appreciate rapidly, goes to new highs several times. Is unable to keep said promises and tanks 50% from 83.5c to 44c. Makes good with some promised contracts and the SP returns to previous highs and then bursts upwards to a new high of $1.17. I bailed soon after so not sure of anything after that. Therefore not sure why it is floundering back down in the 60c region. I believe Galaxy is riding a similar rollercoaster and is pretty messy at the moment. Once they show GXY can deliver on said promises WE WILL go back to the old highs and very likely burst through the old resistance due to increases revenues.
In my opinion...
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GXY Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held