GREY:GPLDF - Post by User
Comment by
ganndolphon Oct 02, 2019 10:53pm
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Post# 30190392
RE:RE:RE:1 bullet left
RE:RE:RE:1 bullet leftcyanide5,
Please help me understand your frustration with GPR now? I don't understand.
On the GPL to USAS ratio chart, GPL made a low on August 28th at .212 times USAS.
On 9/30, that ratio went up to .2929 in GPL's favor, and since has retraced back to 0.251 as of October 2. That sets up an ABC up in the relative price of the two stocks with a target ratio of .3319 by October 10th. Which means assuming USAS stock price stays where it is right now that GPL would hit a $1.10 USD price target in roughly one week from now.
Great Panther has been outperforming USAS for over 1 month already, and I expect the relative gains to accelerate in the coming 2 months.