GXY 0.00% $5.28 galaxy resources limited

todays action, page-52

  1. 350 Posts.
    stringtickler,
    300,000 at $1.67 was not able to be achieved in the after-market auction,so withdrawn.
    The SP is just in a downward trend following an overvalued Market Cap.
    You certainly don't want a large holder dumping as that would suddenly plummet the SP.
    Small no of sellers with larger parcels than the larger number of buyers with smaller parcels--the weight is in favour of sellers.
    Any share that falls from $2.05 to $1.625 over 7 consecutive days is definitely undergoing a correction.
    7 consecutive down days for GXY is very unusual,though.
    Best I can do.
    Cheers.
    Good Luck tomorrow.
 
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