kind of trading in your own shares. Would be better to wait till price went down and buy on real cheap rather than a poor poker player attempt to beat MS at their own game.
Ms know ehow much cash Gxy has and know that’s not legitimate demand and know they will have to stop or blow through cash when you would hope there are some development projects coming that their cash can be spent on to generate proper value(or do cap raise for if they’ve blown through their reserves ). A million dollars a week is nothing to the institution shorting (it’s no 1 shorted co on asx) and they can adjust accordingly and up the pressure and after 26 weeks you’ve wasted $26 million that could have been used on strategic value add
GXY Price at posting:
$1.48 Sentiment: None Disclosure: Not Held
