Sold 100K this morning at a loss, but still holding a long 200K....

Sold 100K this morning at a loss, but still holding a long 200K. Quite simply - GXY is going from strength to strength, but it doesn't matter - the big boys are playing manipulative VWAP games here. I don't know where they're going with it, and there's no indication of a positive trajectory change at this point.

I'm guessing these current shenanigans are HSBC-insto related, Chinese investor related, looking to push down the SP in advance of a takeover bid. Which is both good and bad news. Good news, we'll all likely double our money. Bad news, we'll be kissing goodbye to a share worth many, many times more than that in years to come.


Elliot Wave modelling suggests this will be the final shakeout, leading us into a start-of-year style rebound, but you simply never know. All eyes at this point on PLS - they seem to be about a month ahead of us in this cycle.