Global Technologies Group, Inc. (GTGP)

[sunbr8k]

Fridays Trading...

I've been quiet here since the halt as I'm waiting to see how this all plays out with free 100k shares. But I have been thinking hard about last Friday's trading. I believe this to be actually good for the Longs and not holding credit for lower prices come first part of next week.

Why do you go from .06 to .41 cents for the entire week and then dump to .20 cents in a second? Because someone who had shorted prior to the halt wanted to cover badly.

Whoever it was did not want to hold through the weekend with the continued rumor of MSE closing and found enough buyers who wanted in dearly at half price (.20) to cover their shares.

Otherwise why wouldn't a "Long" or "Flipper" continue to sell off at a the higher prices (.30 to .40) if they wanted to sell? The buyers were there still picking up shares.

This of course caught some folks by surprise who bought at .06 and may of started selling from .15 to .20 thinking that something was wrong.

And as others have said...

You can't short from .30 to .40 cents and cover at .20 on the Greys....

Think about it.

JMO....Sun