lowtrade, don't get me wrong, even though I'm a long shareholder since the Doc Hinton times I have always held most of my shares as a "core investment" but I trade a small percentage quite often (sometimes too often and sometimes not often enough) using TA like you do and I roll my gains into more shares most of the time.
I don't think we're at a reversal point yet and the shorts can't get enough shares to be able to cause significant damage to the pps. I guess we will see more on wednesday (re short position)

henn, I like TA but I always give fundamentals a higher priority and like bors my target is above $10 as I posted 150% growth rate and my expected 2006 earnings of $.1: 150x$.1 = $15

lowtrade, didn't you go long at 3.90 or something?

bors same here (6 yrs, 228k) LOL

mide, I posted we were still on sho list everyday of the week

According to AMEX we are still on yesterday and the day before that
http://www.amex.com/amextrader/?href=/amextrader/tradingData/RegSHO/TrDa_RegSHO.jsp

Mide any comments on your theory?

P$F see here
http://stockcharts.com/def/servlet/SC.pnf?c=gte,P

P&F has a bull target of $10.50 the previous bear target, before december was $1.00 (and we almost got there). On the weekley chart we have lots of space on the upside RSI(14) just crossing the 70 mark.

mide, thanks for clearing that up. Do you know if shares are available now for shorting?
crash

followingte, it is interesting that whenever GTE has a down day after good run people like you show up claiming to have made a lot of money and wanting to "save us" from our own success. I for one, make my investment decisions on my own (after doing my DD, which includes reading this informative board). I don't think that the likes of you ever influence those decisions

mide your theory sounds reasonable, except the naked short started only a few weeks ago which doesn't add up for me timewise. Also I still don't get this "box short" thing because if you shorted as many shares as you are long from $1.50 to $4 you made absolutely silch in gain

We're still on regsho list, I think the whole regsho thing is a joke. Yesterday was also the last trading day for the short position reporting. INET shows 3.65x3.75 and listed shoes 3.43x3.49 .

re gap, there were some fills at $3.50 on friday right after the close

Let me re-iterate here both the growth rate and the eps for 2006 and further are of course wide open for speculation, but I just want to make the point that a pps of $15 could be well justified from a fundamental point of view. Thats why I kept on holding and adding my shares all thru this summer.

LM is huge defense contractor and known to take defense money and then subcontracting the actual products, so I think this might happen here as well. Gov. is not known to hand big money to little companies but rather go thru companies like LM to have "insurance" of a successfull product. JMO

Well I don't know how you get that timeframe but price sounds right: 150% growth rate and projected income $.10 / share (2006 thats a wild guess)
M=150 eps=.1 150 x $.1=$15

I wrote a post a few weeks ago that I believe that someone like LM will give a subcontract for the strat for the military. I still believe that, and won't be supprised if a good chunk of the 150M (minus LM fees) will go to GTE.

Me too, if we only had tomorrows TA today LOL

juststocks, those were the days, had a bunch of shares back than and rode a lot of it back down (I was still pretty green to trading back then)

Still on regsho, I was wondering if regsho has any impact on share price mmmh. There are actually not that many companies on that list on AMEX right now about half are funds. I looked at a couple of the other companies to see if I can find a pattern but other that they are small cap companies I couldn't find anything. % short seems to range 6% to 15% OS. Anyone else with an explanation? Does regsho mean that there are insufficient shares available or just that someone refuses to deliver a bunch (more than 400k) shares?

I don't follow you here. Americanbulls said to sell at $2.04, which just shows how badly candlesticks work for GTE LOL

Interesting, we are still on the regsho list. Also note we had a hammer (weekly) in june and a doji in july and we still were declining back then, so I don't know about this one (week is not over yet).

Now here is a question!!!! Why are we still on regsho list?????

perc, I sold another bunch today. I still think we will retrace (unless there are blockbuster news the next few days). Maybe not as low as $2.60.

that 25k not 250k

cash prophet, I totally agree with you. eom

I don't know about that short covering theory, but we are still on regsho list!

I think we're extremely overbought short term so I sold a bunch today and wait for a retrace to about $2.60. If we continue up on monday I will sell more unless there are (real) news. Sorry I don't trade based on rumors

sell just some buy back later, lower eom

anyone expecting retrace from here?

This is not even a nice rumor, I vote against anything below $15 at this point. But all the rumors have been just that, nothing.

Let's not forget that shorties are "investors" like you and me. I thought that they were smart when they took down the pps but suprised when they didn't cover at $1.50

lowtrade, how can the short interest possibly be reduced when GTE is on the regsho list (which means that a minimum of 1/2% of th OS or at least 380k shares cannot be delivered). Isn't it pssible that the shorts just dug a deeper hole for themselfes? My guess is that wa have an increased short interest.

Slyhunter, I don't agree with you.
We are all speculating, but this is how I see it. Fact: the two stratellites were build to military specification to demonstrate to the military. I don't think any company just builds something like that (for the government) without having a contract already lined up and without getting paid for it. IMHO GTE will be a subcontractor for a big defense contractor such as Boeing, Northrop Gr. etc. and the money is already allocated. If successfull as advertised in the pr, I believe orders will be rolling in in days and weeks rather than months and years. JMO

Very nice Wizetradr, been looking at the same

we're still on regsho list

pit, I agree, I think it might actually break 2.16 today even though its friday and volume is very low so far

still on the regsho list. The last couple of days the trading sure seemed a little strange to me.

pit, back then they showed 350k on the bid but the next day that block puff dissapeared and the pps continued sliding down. So be carefull before you toss your position this might be a trick to make you just do that

250k shares at the ask. If I wanted to sell 250k badly, I wouldn't flash it all at once and certainly not at the last few minutes of trading. Maybe just a scare tactic I don't know, but when we were sliding down I remember 350k on the bid one day in the last few minutes of trading. Anyone else with suggestions?