Macroeconomics was never at play GXY. It was bad management...

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SpaceWalker

375 Posts.

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02/07/19

22:55

Post #: 39343438
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Originally posted by ProCapitalism: ↑

I believe $3.85 was my pick for July.

At the time I placed my bets I analysed what appeared to be a reverse head & shoulders forming on the daily chart (one of many in hindsight).
Hence the reason for my $3.08 punt for January as well.

The $2.50 to $3 area was a significant support & resistance zone & coupled with the reverse head & shoulders I was expecting a bounce back above the $3 zone.

I got it wrong.

Macroeconomics events affect global markets, no matter how strong your company is if it deals in international trade it will be swept up in global economic problems.

Congrats to @jess900ss!

I believe @The Dean came in second after your win at the beginning of the year.

Who wants to play round 2? July 1st 2020? No prize money, just bragging rights?

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Macroeconomics was never at play GXY. It was bad management right through and they way they held back the info from small shareholders was criminal.

A company to loose 70% of its value for no reason over 18 straight months and then management comes out to straighten everything is unacceptable. Millions have been made by a few through short selling perhaps who had all the info.... and we will never find out who they were and if they were connected to the board and top management. It's smells of insider info.

GXY Price at posting: $1.34 Sentiment: Hold Disclosure: Held
8 Upvote

4 Great analysis

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