My Hot Stock – Galaxy (GXY)

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While disclosing that he’s a shareholder, Michael likes Galaxy (GXY): “The Wesfarmers bid for lithium producer Kidman Resources returns attention to the sector.

“The 45% bounce in KDR’s shares rubbed off on other producers. GXY is the second most short sold stock on the ASX (17.2% short), and any upward momentum could start a scramble,” he says.

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