GGP 0.00% 0.6¢ golden gate petroleum ltd

selling increases at 2.4 c may buy @1.7cents, page-41

  1. 23,074 Posts.
    lightbulb Created with Sketch. 271
    acreage.
    Thanks for your very sensible post.
    I tell the truth as I see it, it is as clear as night follows day as far as I am concerned.

    If one takes everthing one reads as correct then the shares would appear to be very good value.

    However my charts tell a somewhat different story. The medium lime on the andrews pitchfork has been penetrated to the downside after the massive Jump up 2 or so days ago and even last Friday it was a strong thrust down in price.
    With the unfortunate big jump up it makes matters difficult because although I sold into the excitement ,I only had 4 mill shares however others including Big hitters may be stuffed with shares they still wish to sell and they may have to take a bath on them.
    However the selling has been large in volume so some shareholders who were already in the shares before the Jump up on 4 January may also have sold out.
    If you so wish it may be an idea to check out daily prices and volumes.The volume figures can be difficult to interpret as some sell and buy to themselves.
    I realise thet the true movers do not want small shreholders to know what is going on So I am careful.
    I cannot spend too much time here as I am dealing with the Falling Gold price and my shorts thereof as I am expecting lower levels for Gold.
    sincerely Fish
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.