RE: Some people20 Aug 2023 12:11
Indeed some people, many people sold out, dumped, shorted thinking typically this was smart option but GR has effectively made this short and sweet, done and dusted. Now many getting angry their smart decision is blowing up in the faces. I suspect a few LTH thought they’d buy back in cheaper too. Yes if you’re quick on the draw come Monday open maybe? Agreed there was a certain amount of confusion and anger on announcing the stock sale was already completed so now we’ve all had time to breathe, analyse and accept reality the SP is naturally now going to push back up because the sentiment of selling that was shoring up behind to effect a drop, has now just like that evaporated. The cheap stock was being supplied by mostly pi’s and looks like a tough situation shorter - ouch that’s going to need some balm on those burns next week! We now bizarrely may enter a squeeze from both points - pi’s trying to get back in and shorts trying to buy now that the reality of the situation they’re in has dawned. First port support into 52-57 range. Then we may see fuelled by The Great Squeeze a return to 60’s yeah baby! Fastest fingers first shorters, spreadbetters and deramping loons slushing around talk of placings zzzz is reflective of their dire position but is that really all you’ve got yawn? Last Sunday we all agreed the sun shone from GRs nether regions, the hero of the hour - vote a huge YES , Canmax back on board, company back on track, production getting in place we were on cloud nine. Essentially nothing has changed what was reality a week ago remains the same except we now have the money in the bank, bandaid ripped off and we didn’t even know we had been cut. Stuff, noise, nonsense now being spewed, nothing more nothing less. We move forwards and upwards now in big, far reaching leaps! Bring on Monday open! IMHO GLA
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