OTCQX:GXOCF - Post by User
Post by
linericon Jan 09, 2018 3:33pm
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Post# 27316375
Short Attack??
Short Attack??Really, the fundamentals of GXO look pretty good. The chart totally sucks. It seems a very risky short as there is not a lot of stock out and the company is not weak and has a good plan laid out for 2018.
I see it got hit with a serious short attack in 2015 ($10M). If those dudes have not covered they may have an interest to keep the stock down and continue to hit the bid,
Also maybe the big investor GMT Capital may be selling out as they have a there year horizon or they may be pisssed off re the div cut. They have over 5M shares.
In any case the big seller is Annonymous which suggests a short atttack. Especially if it combines with CIBC. There seems seems to be short artist working out of that house.