I agree. I am hoping this has more of a steady increase as opposed to the ridiculous runups we've been seeing. That would make swings far more tolerable, considering everything in china that skyrockets drops a few days later.
Don't ever expect it to act like a normal company. This company has question marks and management does some very confusing things, aka no transparency. Not saying it is a scam but they sure don't do anything to correct that opinion.
The best way to play this company is to buy it the day before earnings and then sell it the day earnings are released. I think it has popped like 10-100% every time earnings comes around but it always ALWAYS drops back, sometimes even lower than before. This is not a company you hold for now, wait until the market starts to respect it and then buy it. Don't risk the chance of your position going to 0.
Also keep it mind the share price is actually more like 74 cents. IT is still sub 1 dollar compared to where it was last year. It used to trade around a dollar and was up near 2 dollars last year which would be 4 dolllars at the current share price.
This was one of my first investments when I started to learn how to trade and I got burnt. I thought the same exact things that you posted about a low pe and a boatload of cash but it will not trade like a real company and hasn't for years.
This company does follow patterns though so day trading or holding for a week or so at a time and playing dips would be a good way to make some cash.
The problem is that a lot of legitimate companies such as $GPRC are trading with a deep CHINA DISCOUNT that will only disappear when sentiment in the China space improves and management teams really do something about it by buying back stock or initiating a dividend.
This is only part of the reason that I have sat on so many of these shares for so long now. Please read all my previous posts. Current holdings 144,276. There is a day coming in this company that will stand the hair straight up on my head,and I wouldn't miss it for the world. HINT: Do your research.