AI
Thursday, June 16, 2011 10:32:41 AM
Looks like I was spot on. It's not luck people, it's simple price/volume analysis. Judging by the volume it was quite clear to me those who caused this move higher weren't being prudent and selling shares on the way up in the high teens and .20's so they could support the price around .15-.20 where a much prettier base would have formed. Now the chart has been completely reset and it appears those of you who are in are simply out of powder. It's almost like a group started buying and buying in anticipation of news, with the thinking that when the news came they would be able to sell much higher. Then the news came and it didn't go higher and people were like, "Oh crud! Is this it??? No volume?? I better sell."
Does this surprise me? Not one bit, anyone who studied this chart saw the exact same thing happen in late September/early October when GTGP ran to .08, only to retrace all the way to .02 over the next few months. This time it only took a few weeks to do that which is not good. Luckily this is a real company doing serious things so all you current bag holders can find solace in the fact that soon, Jim will deliver the goods and GTGP will no doubt return to the .20's and way higher. Until then though, I'll continue to buy under .10, a big thank you to whoever sold me some .08's today
Does this surprise me? Not one bit, anyone who studied this chart saw the exact same thing happen in late September/early October when GTGP ran to .08, only to retrace all the way to .02 over the next few months. This time it only took a few weeks to do that which is not good. Luckily this is a real company doing serious things so all you current bag holders can find solace in the fact that soon, Jim will deliver the goods and GTGP will no doubt return to the .20's and way higher. Until then though, I'll continue to buy under .10, a big thank you to whoever sold me some .08's today
