Screaming non holders pointing out months of no shipments, suggesting operational problems, running out of cash etc.
We went thru all this gloom in A40 only weeks ago when suddenly company issued unexpected report of incoming shipments, increased production - driving SP 20% in couple of days and leaving all those SH who gave up and sold most likely with a sour note.
It is a time of New Year celebrations in China, time when every worker is going home to visit their families. It would not surprise me if any deliveries to China are put on hold until the Festive Season is over.
One thing I noticed with GXY - moving down like a bear and going up like a bull.
December report is a good indication that some kind of good news must be around the corner so no surprise that shorts working overtime to get as much as they can in current climate.
If GXY will copy A40 with unexpected announcement soon, it will be hard to get in below $2.00
GXY Price at posting:
$1.98 Sentiment: Buy Disclosure: Held