RE:RE:The late buying here goes both ways ..Gringotts wrote: JT, GXE's short position was up over 660% as at July 31. That is an astronomical number. Sentiment was definitely negative. These large end of day buys are very encouraging - it could be shorts covering, it could be EN buying, it could be, in part, GXE buybacks, it could be a fund taking a position or it could be the initial steps taken by an entity looking to buyout Gear. Regardless, whoever it is has deep pockets.
I wonder, will we continue to see the same large buys once GXE goes ex-dividend?
This end of day buying has been a smart way of accumulating or shorts covering ..
These are big boys playing now .. they are the price maker!!
They decide where the price go !!
We can sit back enjoy the dividends knowing that this stock is so undervalued given its metrics and earnings potentials..