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-2

First 2 Last

Share
Profile

Follow
Whisky49

13,250 Posts.

4447

29/01/19

12:18

Post #: 37249989
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 cohootswith? 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

" I would be interested to hear what others think about my theory"

Absolute nonsense.....

Cheers Whisky

GXY Price at posting: $2.04 Sentiment: Buy Disclosure: Held
30 Upvote

3 Great analysis

Reply

There are more pages in this discussion • 841 more messages in this thread...

First 2 Last

Add GXY (ASX) to my watchlist