Post by
bohikam on Mar 03, 2017 9:25am
NYX being held down ?
Yes.
Most probable reason =
Liquidity providers are light or short at current levels and need to get shares in !!
+++we know that instutions have purchased btween 2 and 3 million shares down here, appx 1.10
>> liquidity providers set the price and they dont get paid to take a loss.
>> NYX will go up when they get enough shares back in
Unfortunately thats just the way it works on the illiquid venture exchange
see you at higher levels
Bohikam
GLTA
Comment by
petrofac on Mar 03, 2017 9:52am
You better believe it is! I watch the morning premarket everyday and there is no way in hell we are going above $1.10 until they complete what they intend to do, be it paper someone up or make us all lose what hair we have left. Patience is key, I don't believe there is much downside from here.
Comment by
kingshane on Mar 03, 2017 10:43am
Lots of downside left. 1.06 to zero still means downside.
Comment by
ForesstGump on Mar 03, 2017 11:02am
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Comment by
JaretFF on Mar 03, 2017 11:35am
For sure but much more downside for the shorts
Comment by
Carpenter72 on Mar 03, 2017 11:48am
The big advanatge to keep this baby down is mainly the time we gain to add more shares and average down... As long as we see new liscences and improvement in numbers (margins and debt), I got no problem to keep the sp very low because I will buy more. Time will tell GLTA