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Mgmt control the Co & Shorts control the SP, page-4

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Facthunter

13,174 Posts.

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24/10/19

15:50

Post #: 41053198
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Originally posted by asb83: ↑

The share price dropped 6c yesterday and less than 7% of yesterday's volume was short selling.

Short selling is only one of a plethora of reasons why a share price falls. Too many people on here are using short sellers as an excuse to mask the real reasons behind the fall in share price. Poor management, a sector that is capitulating due to a lot of hype that has evaporated, assets that don't stack up relative to its peers, a cash pile that is diminishing every quarter with little to show for what it's being spent on, and so on.

Focus on the real reasons why the share price is falling. You'll become a better investor/trader if you do that rather than hang the hat of blame on one reason.

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GXY Price at posting: 83.8¢ Sentiment: None Disclosure: Not Held
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Mgmt control the Co & Shorts control the SP, page-4

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