GXY 2.61% $2.61 galaxy resources limited

Tesla shorts burnt

  1. 2,068 Posts.
    lightbulb Created with Sketch. 745
    https://hotcopper.com.au/data/attachments/1964/1964440-9fff6b69ab9108e6e724d53ad56870f7.jpg

    https://www.nytimes.com/2020/02/04/business/tesla-stock-price.html

    We know that most of those that shorted Tesla and lost billions also shorted Galaxy. The more they lose on Tesla the less capacity they have left to short Galaxy. Many heads will roll over the mistake in shorting Tesla. Tesla signed deal with CATL for batteries, who in turn will drain up lithium chemicals and that will cause spodumene inventory in China to be consumed half a year earlier than expected.
    https://hotcopper.com.au/data/attachments/1964/1964452-2f4df31b97da761f022ed9fc6bc9681f.jpg


    not advice
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist
(20min delay)
Last
$2.61
Change
-0.070(2.61%)
Mkt cap ! $1.315B
Open High Low Value Volume
$2.55 $2.63 $2.52 $9.297M 3.599M

Buyers (Bids)

No. Vol. Price($)
1 1042 $2.61
 

Sellers (Offers)

Price($) Vol. No.
$2.62 32627 4
View Market Depth
Last trade - 16.10pm 26/02/2021 (20 minute delay) ?
(live)
Last
$2.61
  Change
-0.070 ( 2.43 %)
Open High Low Volume
$2.56 $2.63 $2.52 852010
Last updated 15.59pm 26/02/2021 (live) ?
GXY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.