GXY (ASX) Short term chart thread

Originally posted by yanlin: ↑

STW, you make a logical and coherent argument - and I agree with you. However, in answer to your comment/ question: "I really think most of the weak hands should have been flushed out by now, otherwise I am really confused about who they are and what they are still doing in this stock."
@Thesi is one such investor that recently declared that he/ she had left the GXY stable. This is after being a strident advocate of the company and some of our management.
There are others that have declared their intentions and moved on to greener pastures.
My initial post was also a slight dig at the "experts" that were so assured of themselves and were adamant the share price will dip down towards 66c (clickity click).
I am not a fan of hubris - especially from self proclaimed experts on these threads - and was just mildly sharing my delight at them getting it wrong (again).

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Thanks Yanlin for the reply.

BTW I am not sure if my writing style was a little confusing, but all the questions were rhetorical questions aimed at the HC community and none of them were aimed at you. My reply to your post was simply following on from what you said. Just to clear that up, just in case it was not that clear. I kind of just wrote that off in a rush without reading it back.

I don't think Thesi left the stable, from what I remember (if correct) was that he (yes a he) sold down just some of his holding. How much that is I don't know. But, overall at where we are at, what we have been through and where we are going I really do believe most of the weak hands would be gone. Whatever left I think would be marginal.

I still think whatever happens in the next 6 months or until a big forward looking announcement will simply be a dance between shorts/traders and chartists, be that up or down. The rest of us will simply be watching the show with pop corn in hand and occasionally going, well that's a deal to good to be true.

I have been saying it for a few months now that the next 6months is going to be tough. No sugar coating it. I have been hearing rumors that a big EV focused stimulus is coming in China and if those rumors are true it may be one way we transition out of this consolidation period much quicker. However for now not holding my breath.