GTOP Seems A Low-Risk Short-Term Buy

E

ET70424

GTOP sold down sharply in recent days.

Reminds me of RAD and LDK, except perhaps even more extreme and emotional in terms of price drop.

No guarantee GTOP won't go lower, but won't be surprised to see a substantial upside move near term from its current level of $0.80 (today's close)

LDK has moved substantially as expected,
see:
http://elitetrader.com/vb/showthread.php?s=&threadid=112449

RAD still appears quite bullish though may need a bit more time for basing.

Regards.
 
Quote from nazzdack:

Maybe it can close the gap up to ~$2.25 from Thursday.
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The potential is there, and the $2.25 target is reasonable.

However, it is still basing and may remain in that mode for a while.

In any event, I don't expect a quick run to $2.25 level just yet. But the stock appears to present a rather favorable upside/downside risk.


Regards.
 
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