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$5.28 galaxy resources limited

This has been posted before, but in relation to the shorting of...

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James56

210 Posts.

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23/08/18

18:31

Post #: 35136215
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Originally posted by Thesi ↑

The problem they have @bilulu is that they have borrowed the shares and thrown them into the market to drive the price down.

They need to buy them back to return to the owner that has loaned them to them.

Of course the borrower could ask for them back at any time.

But if we remove that as a problem and take it back to basics.

What happens when the share goes above the price they threw them in at? That would become an immediate loss.

...and all for what?

From my understanding, generally a stock is shorted based on a reason that has some kind of evidence.

Take a look at the shorting numbers as of last Friday the 17th

View attachment 1254749

72 million shares / 17.71% of all shares issued are shorting Galaxy.

That's getting close to 1 in every 5 shares.

Is anyone able to rationalise the reason for continuing to have those shares on borrow?

The other question I have is...

...Is the share price more likely to go down or up from here?

I have tried to approach this company from a negative perspective.

...but no matter how much I try...

I simply cannot comprehend the stupidity of maintaining a negative outlook of this company.

View attachment 1254758

BTW @Bron it's quite embarrassing and disturbing that they are manufacturing models of me getting out of the shower in the morning.

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This has been posted before, but in relation to the shorting of Galaxy don't take it "personally". The shorting of lithium producers is global and massive, we shouldn't feel too victimised.
Albermarle has approximately $1Billion US open shorts!

https://www.reuters.com/article/us-...hort-holdings-in-lithium-miners-idUSKBN1KO0IX

GXY Price at posting: $2.79 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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