General: Share Price, Trades and chart related discussions, page-270

First 270 Last

Share
Profile

Follow
shades2

2,768 Posts.

10

29/08/16

11:28

Post #: 18759537
Share

Originally posted by Ravenhaller ↑

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.

Expand

Our companies should be marked as strategic resources, and not in the national interest to sell off on the cheap. eg. 5-6x less than fair worth. Smash them.

ASIC should also do their job, and get interested in market manipulation at these levels. They are a bluff, they know they have no resources to prosecute or investigate these things. So Australia is done.

Last edited by shades2: 29/08/16

GXY Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SKS

SKS secures $20M for extension works on Melbourne data centre

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

EBR

EBR Systems' heart pacing device on-target to reach the US market

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s