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Gold/Mining/Energy : GTR GROUP INC. (formerly Games Trader) TSE:GTR, AMEX:GIG -- Ignore unavailable to you. Want to Upgrade?

To: Ruby who wrote (86)	10/14/1999 11:06:00 AM
From: Professor Dotcomm	Read Replies (2) \| Respond to of 290

You raise a useful point. My feeling is that there were many people who have made sensational gains this year on the stock - from $0.90 upwards - and they don't want to see this melt away. Although I am not a chartist the ladder formation of GTR's chart may confirm this. After a new equity issue the stock jumps. It then has to digest the new shares and then its off to the next rise, then back once more flattening out and then once the next batch has gone it spring up again. Unfortunately, good news seems to have no effect on this pattern. I noticed today that a large block was taken care of and the stock has begun to respond again. It looks as if my earlier target of $9 may yet be reached after all within the next 6 months - which is the hot season for video game stocks. (At the time of writing, GTR is $4.19).