Here is the action prior to the open...
Yes, there was a relatively large volume of bids and asks in the queue.. some quite larger single orders in there, that’s what caught my attention.
It was balancing at 1.13 for quite a while. I saw the very large 1.135 ask as a capper, trying to create an illusion of a downward movement today to entice others to get out early... who knows.
The numbers in the bid queue indicate the same person with multiple 100,000+ orders... perhaps someone playing with borrowed shares (offering for sale) also had the buy orders in place as part of their plan to cover earlier shorts..?
In any case, it seems a bit suss to me. No way those 600,000-odd shares were getting hit. A serious seller just doesn’t sell like that...?!?!
Imo!
Pre-bell:
GXY Price at posting:
$1.16 Sentiment: Buy Disclosure: Held