I am very glad to know that you have sold some of your GTP holdings at $4.15. Congratulations!
I still remember clearly 3 years ago, you and I both suddenly found a GTP director, Cameron, had bought ~$1,000,000 its own shares. I then started seriously to buy GTP shares at under $1.20 and eventually made a real good return. Thank you very much for your encouragement at that time. You also told you that once J Young said to you personally “the MIS business can NEVER be done with debt”. At that time GTP was a real good company.
Now the time has been changed and GTP’s debt has been escalating exponentially year by year… TREES1… TREES-2… TREES-3… bank loans… maybe TREES-4 on the way, too…
The GTP share price trend has been hence completely reversed… One big selling wave after another… Judging by the chart and market depth, I reckon the present tumble is far from over… the price is continuously heading south…
Of course, panic selling at present might not be wise, but who knows?
So… Take care! Wish you all the best! Good luck!
GTP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
