GXY 0.00% $5.28 galaxy resources limited

I wonder what price the brokers acting for the investment...

  1. 2,494 Posts.
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    I wonder what price the brokers acting for the investment banks are going to cap the share price at today?  I think it is amazing how all these small trades they make (i.e. buying and selling as little as a single share at a time) end up dictating the price.  Their trading isn't representative of real buy or sell demand, but is just a way of keeping the share within the range they want it.  The question is for what purpose?  Maybe to keep prices low to facilitate a takeover?  And if that's the reason, maybe the hold-up with the transfer of the Salta tenements is a good thing because any entity (other than Posco) wanting to do a takeover would presumably want the Posco money to be in the bank first.  Maybe the holdup has been requested by Posco and Galaxy as a means of preventing any takeover move?  Perhaps a joint venture has to happen first before it is safe to receive the Posco funds.  
 
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