Traders taking profits - been almost a 50% run up in the last month or so.
Investors taking some money off the table to de-risk
General bad day on the markets for mid-caps.
Shorters sensing blood after a quick rise.
IMO back to around 45ish then might turn up again.... or might continue back to the 30s!
I like the story but needed to increase my cash holding so dropped mine for now, maybe back in a few weeks if price attractive, otherwise I'll find another good prospect, plenty of fish in the sea and all that...
GXY Price at posting:
49.5¢ Sentiment: Hold Disclosure: Not Held