You are just closing your mind off to possibilities you haven’t considered. In January it fell from $4.40 to $2.80 in 15 trading sessions. Average of 10.6c per session. It dropped 11c today. Now that it has made another new low for 2018, what makes you think it won’t tank for 2 weeks and get to $2? The shorters are adding to their positions. Up to 70m shares now. Capitulation hasn’t happened yet and it needs to.
I see Macquarie Insto were the largest sellers on the 8/8. The other data I ran had them as net buyers for every time frame I ran.
$2 is coming if you ask me. My opinion only.
GXY Price at posting:
$2.67 Sentiment: Sell Disclosure: Not Held