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Strategies & Market Trends : Cheap China Play---GTTIF

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To: DOUGLAS C. SMITH who wrote (32)3/7/1997 3:04:00 PM
From: Albert Shilin   of 42
 
Yes, GTTIF is going down a little bit. I am happily buying it at lower price. Yesterday, there were some sells coming in and push the stock was down to $21/32 at bid and $3/4 at ask. I thought that it was a good time to buy and put an limit order on $3/4. The market maker only gave me 7000 shares and the ask price went back to $13/16. I hope that more people want to sell their shares at $1/2. Today, only 3500 shares sold at $11/16 so far. Right now, the trading volume is very light. We'll see what is going on when the quater report comes out in the end of April and the annue meeting on July.

Happy investing,

Albert
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