Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

What is behind our Galaxy's falling share price?, page-15

First 15 Last

Share
Profile

Follow
h00ts

46,599 Posts.

8733

29/01/19

13:11

Post #: 37250883
Share

Originally posted by Wary 1 ↑

I have given some thought over the weekend to what has been happening to Galaxy's share price. Given the fundamentals, I have concluded that there is no way that this company could be shorted to the extent that it has been unless the primary shorters know for sure that they are not going to have to pay top dollar to buy the shares back. So I wonder, could it be possible that the directors of the company are working behind the scenes with the manipulators to run down the share price to the point where the company can be taken over by another company that they are in cohoots with? This to me is the only explanation I can think of as to why GXY is the most manipulated stock on the ASX. It also explains the general lack of news from the company and the misleading announcements (e.g. that there would be an announcement made before the end of the 2018 financial year about GXY partners). I would be interested to hear what others think about my theory.

Expand

Nothing stock specific here the whole sector has sold off

12 month peer comparison chart

Last edited by h00ts: 29/01/19

GXY Price at posting: $2.00 Sentiment: None Disclosure: Not Held
29 Upvote

5 Great analysis

Reply

Top Stories

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 828 more messages in this thread...

First 15 Last

Add GXY (ASX) to my watchlist