Originally posted by pranav1980
LOL.
FYI: GXY is the second most shorted stock on ASX. I don't think any sort of news will make shorters rush to cover their open positions. 17% of shares outstanding are currently shorted. Says a lot about the company and its management!!!
By comparing GXY with PLS doesn't stop GXY from being a DUD company
Should the shorters cash in, the price will start to rise, creating a rush to the gates and further upwards pressure as more cover!
Or, do you believe, that the shorters will ride galaxy down to zero?
Could you tell me how you possibly see the company having significantly less value?
The shorting is the only reason the price is so low. Do you believe there will never be a rush and that the price will never rise, even if 17% of shares are covered? Please, respond in kind.