I was one of the earlier supporters of GAXY...until I dug a little deeper.
I discovered GAXY through some article on ed-tech in May-June along with a long list of other companies like Boxlight, K-12, HMHC, even Macgraw Hill. I jumped in on ed-tech at a good time, maybe a little early. It was before the storm of penny stock raiders on twitter, maybe a month before those fools started spreading false implications.
I did my homework. Researched GAXY, did some background on Gary Lecroy and the COO, both of whom have long careers in ed-tech. Even looked at their previous company's social medias. Alot of people thought it was a scam, I was one of those who really believed in the stock. I only threw in a couple thousand @ 0.003. I vouched for these guys.
And then the pump & dump started coming. Out of nowhere, twitter lit up w/ list after list, Boxlight being retweeted w/ $GAXY hash trailed on the retweets. I saw it go from 0.005 to 0.06.
Then the penny raiders came, raided it from 0.06 to 0.03. They wouldn't let it go, they kept trying to pump it more with false rumors, baiting people , "Hey I'm buying in...this will SKYROCKET!".
The penny raiders like Zatan just wouldn't leave it alone. Kept at it, pumping & dumping over and over, kept baiting people "I'm BUYING MORE!!!" and sure enough, when there was some green, the shorts come at the bell.
I saw this for over a month straight. I also took advantage of their shorting as well, except I didn't have to short...I went in bullish after they shorted it.
I had it down: 6:33-6:37 stock would tumble to daily low(buy), 6:45 almost on the dot, sell off the daily high. I did this and made a pretty good profit. This was probably 75% accurate. It was that easy.
Problem is the penny raiders got greedy. They just wouldn't let up, kept shorting and shorting. That scared every investor period, so chances are they were probably eating their shares and were buying their own shorts for some losses.
I think it is an ok company, it is a very small company, and they are expanding. But having it raided by bears 3 times will damage a stock's reputation and investor faith.
I will be buying back in when it hits 0.006-0.008. That's were I believe an accurate evaluation should be. This stock should be under a penny, not at a dime.
And no, I'm not paid to bash. I am just very annoyed at greedy twitter bears raiding this thing over and over. I think the stock would've recovered after the first raid, but not after it gets raided twice after that within weeks. People got greedy too quick. If they were smart, they would've left it alone to let it climb back a little, but they couldn't even do that. That's how greedy these teenage robin hood twitter investors are.
I was angry when I lost out cashing in at 0.06, but the still had a little faith. Until they raided it again to 0.02. After that, I was done. I still made $20K profit and even had second thoughts after selling off at 0.02, but glad I did.
