daytrade diaries... october 26, page-6

Hi Highlandlad,

Thank you very much for your excellent work. I reckon you are doing a better job than most professionals.

I've got to ask you for a favor.

Could you pls have a look at GPT's chart?

1. The weekly chart is still showing an upward trend.

2. In the short term, to me it seems that it has been controlled by a buyer who depresses its share price for accumulation. There are also at least one other holder (institutional) who is trying to boost the price up by putting in some smaller sized buy orders at higher price.

3. There is also speculation about SGP selling its 12.5% shareholding to the market (purchased at 1.07$/share in Nov 08).

4. It seems weird that with the trading volume of Friday, there is no ASX announcement on "change of shareholding". It does not seem right.

Pls kindly advise your view.

Thanks and regards, Redbird689