ozy,
does that suggest a directional change is imminent??
If not, and it's just a breather in momentum, where do you think the price will get to?? I'm sure the TA's will have a view and put forward a plausible theory. For me, I am mystified why the buyers would stop if the fundamentals haven't changed - in fact, they are getting better. So, to me, it's gaming by the big end of town designed to jettison as many retail shareholders as possible before the AGM. If some of the comments on here are anything to go by, GXY would like to see a positive AGM with all motions carried by a strong majority. The retail investors are the ones making the most noise.
This is just a theory as to why the sudden drop off in volume and investor interest coming into a seminal moment for the company.
GXY Price at posting:
41.5¢ Sentiment: None Disclosure: Held
