GTP 0.00% 12.0¢ great southern limited

big buyer still there!, page-18

  1. 10,605 Posts.
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    re: gtp targets GTP is travelling up in a series of waves and consolidating at each wave.

    These waves are delineated by the reverse Fib calculated from GTP's most recent extreme high on the 16/4/02 and its low of 50c on the 24/7/02.

    These produce targets of 69c (met and retraced to 59c), 81c (met today with possible retrace to 70c which was also the previous short term high that had to be broken).

    Then we would be looking for 91c, $1.01 and finally an assault on the old high.

    As I said previously don't be surprised if GTP consolidates this new high, imo that would be a good thing amking strong bases for each new run up.

    Of course, the market doesn't give a toss wht I think so it may just keep on going.

    Either way, longterm holders will be rewarded for sticking these in the bottom draw (for good reasons this time) and forgetting them.

    Don't forget to elect to get the DRP!
 
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