Johnboy
WKR
- Joined
- Dec 12, 2014
- Messages
- 544
As a glutton for punishment, I jumped back into GTE. Just a fair warning to anyone wishing to preserve their profits.
But seriously, my understanding is there's a giant investor (GMT) who got stung bigtime trying to short TSLA, and they're slowly liquidating their GTE shares to level their books. That's the main reason GTE is lagging behind other small cap oil stocks. But once GMT is finished liquidating, GTE will likely catch up to the others, especially with oil prices on the rise. That's the theory anyway, FWIW.
But seriously, my understanding is there's a giant investor (GMT) who got stung bigtime trying to short TSLA, and they're slowly liquidating their GTE shares to level their books. That's the main reason GTE is lagging behind other small cap oil stocks. But once GMT is finished liquidating, GTE will likely catch up to the others, especially with oil prices on the rise. That's the theory anyway, FWIW.

