GXY 0.00% $5.28 galaxy resources limited

Tesla shorts burnt

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    https://hotcopper.com.au/data/attachments/1964/1964440-9fff6b69ab9108e6e724d53ad56870f7.jpg

    https://www.nytimes.com/2020/02/04/business/tesla-stock-price.html

    We know that most of those that shorted Tesla and lost billions also shorted Galaxy. The more they lose on Tesla the less capacity they have left to short Galaxy. Many heads will roll over the mistake in shorting Tesla. Tesla signed deal with CATL for batteries, who in turn will drain up lithium chemicals and that will cause spodumene inventory in China to be consumed half a year earlier than expected.
    https://hotcopper.com.au/data/attachments/1964/1964452-2f4df31b97da761f022ed9fc6bc9681f.jpg


    not advice
 
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