i Believed what we are seeing today is just the normal retailer trading.
Because otherwise the volume would have been more.
Normally shorter would use an average of 600k shares, and institutions would transfer or buy between themselves bringing the volume up.
If no shorter are allow today I think we should see the sp back to $2.55; but I fear the worse that shorter just waiting for the late afternoon and dump around 200k shares to drop the price even further. So the game continue!
Sooner or later who have they got to play with?
I am long on Gxy , and will ride over the wave of over supply, trade war, and shorter, 3 years from now when sdv is completed, lithium demand will come back, and sentiment will change, this will be over 100% what the current value is That is a 30% increase each years.
GXY Price at posting:
$2.50 Sentiment: Buy Disclosure: Held
