Club Mulgoa

Friday, December 10, 2010

GTE

This is another crazy stock of mine. Nothing proven so far but plenty, plenty of hype. The hype seems plausible and drilling has started. So, if like Chrysalis, the drilling into 'anomalies' turns out to be nothing, then the share price will plunge. But then usually, that is not the case, ie anomaly turns out something valuable. Why spend the money on the technology otherwise?

When GTE was worth next to nothing, someone sold to me for 3.1c. And then this year, in September, it fell after I suggested that my readers buy it. Well, I bought more when it fell because again someone sold at below my buy price so I collected another lot at 23.5c. Today, it went up by 4c to 52c.

0 Comments:

Post a Comment

<< Home