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Todays trading in tnog is out right a crime!!!
MMs ran it up 22%, selling 8.5 mil of the 10 mil they got from day traders FRI, in todays rush hour.
Then they ran it down 11% in 15 minutes on 1.1 mil & 20 trades.
Then the opened spread to .016/.0175 and swapped 360k on 6 trades at .0165/.017.
They are working, and working, and working. Their proactive move here the past 3 trading days has created a completely controled stock!! IMO We no longer have a free trading tnog.
Now during lunch hour bid/ask jumped up again! IMO If your trading today, your getting played worst than Thur/Fri last week.
Watch the EOD volume of around 28 mill and the PPs to end .014/.016. I say this because IMO the MMs sold 10 mill for profits, will swap fest for renewed interest & draw in 10 mil, then run down and accumulate 8 mil more in their inventory range of .014/.016.
All a complete guess! My guess is they have us by the BBs. If my call is close, we have a long wait for a free trading stock again. Only a great PR & huge day trader volume will take stock back from MMs new little profit center.
ronpopiel & sells homes
Both look good, for a pop, Ta wize. Targets Ivfh .11 ascending triangle formed over 10 days & Tnog .025 first & .03+ second. Charts indicate next week, depending on MMs & PRs.
Tnog's MMs have become proactive, but Ivfh seems to be letting it flow, so far.
I'm in Tnog
IMO
'rtb_all_american'
Welcome on board! I have not been watching Thompsons for institutions, as I really don't expect many until GTE reports a plus P/E. Could be Q3, but there are alway a few little independent guys that play things a little risky'er. Last time I remember GTEL had 17k presplit, with 2. At that rate I could be a institution. LOL
Vaman the last filing stated GTE's EPS @ -2cents, with losses. No EPS,No profits = no P/E, yet.
Design33 Aquarius ! How are things lining up for me?
design333
What's your sign? LOL PS I couldn't get your chat thing to work!
Found this article while researching if any GTE move bulletins were released, by the paid newsletter companies.
Found it interesting that GlobeTel's competition got bought up by a company that plays in the government market, but GTE is progressing on it's own, in both commercial and government markets, now. Looks like Techsphere couldn't make it in the commercial market!
-------------------------------------------------------
Cyber Defense Systems Announces Merger With Techsphere Systems International, Says the OTC Report
LAKE HARMONY, PA - MARKET WIRE - 05/24/05
The OTC Report recommends Cyber Defense Systems, Inc. (OTC BB: CYDF), which announced Techsphere Systems International, LLC has signed an agreement granting Cyber Defense the exclusive right to merge a wholly owned subsidiary of Cyber Defense into Techsphere Systems. Techsphere Systems will be the surviving corporation and become a wholly owned subsidiary of Cyber Defense. Techsphere will continue to manufacture, sell and lease airships presently being designed and manufactured by Techsphere in Columbus, GA. Cyber Defense will continue to work with Techsphere on the sales and marketing of its Airships as well as the marketing and development of Cyber Defense products. For additional information please refer to the 8K to be filed with respect to the transaction. For the complete story, go to http://www.vlcn.com/cydf52405.htm
Other active stocks are Globetel Communications Corp (AMEX: GTE),
If you can't understand what the chart is saying, It's the breakout has not Happened yet!
Sorry, I forgot to mention that. LOL
GTE new norm's so far.
Missed opening day;
5/24 Trades, 362 - size, 1,136 - vol, 411k - EOD $3.87
5/25 Trades, 659 - size, 1,127 - vol, 742k - EOD $3.40
5/26 Trades, 643 - size, 1,321 - vol, 850k - EOD $3.62
5/27 Trades, 410 - size, 1,115 - vol, 457k - EOD $3.78
First weeks averages;
Week 1; Trades, 519 - size, 1,175 - vol, 615k - EOD $3.67
If you followed these figures before the move, the main changes so far is that less trades are made and the average size has increased, from $3,250 to $4,312. Volumes seem close, and PPs spreads seem close.
So all and all, This shows larger investments coming in! That's the bottom line change, so far!
Not volatility, but growth!
Welcome, mide! Glad your here, another point of view! Good for all. IMO
Latest TA chart eval.
Corners; "Know when to hold them and know when to fold them" Was just trying to let the newbee's know what you know! LOL Play with other players, at a poker table, not the house, at the roulette table. PS; OT: Sold my Gtel lump late Dec, 2003! Gusee you didn't get them. LOL
Ming;
Just here to help. I couldn't take it if others lost money when I do, but would love them to make money when I do. As soon as I make money on every trade, I'll do that! Thanks for the kind words.
For the past 3 months or so, Tnog has been in an up trend channel. Keep an eye on this channel, for on the OTC:BB, when the channel is broken out of, too far, for too long, it tends to go away. All it takes is for the business to slow the amount of successes, not the execution of the business plan to stop.
That means the company can still be doing great, but the PPs will not!
The OTC:BB market is a gamblers market and when the gamblers don't see good cards falling right after the other, they leave the table. Then the dealers odds, increase!! The house will take your money every time. LOL So think of your time at the table, as playing the other players, not the house.
When the trading pattern is broke, it's time to say good by, to your favorite penny play. Watch it, but stop playing it. Many, that stay months, become attached to the company and because of all the DD, expect it to come back. The company may have never gone, but your money may be gone, before the stock comes back! Get the idea?
The thing is, in penny land, most the time it doesn't matter if it's a good company, only if it's a good profit stock. So If you decide to make a penny a long, make shore you can afford to have your money in it, tied up for a long time.
There have been times I liked the business plan and business execution and stayed longer than I planed. But I reduced my position to a level, I could go without. Always remember why you got into the a stock in the first place. Don't change your original plan with your original position.
Tnog seems to have great potencial and a good management. They seem to be well experenced and know how & who to use to reach goals. (market timing, Texas area, business relationships, personall, ETC) They may become a good long position in time, but if you don't see the financials, you don't know if there is progress.
'Cutting Corners'
I agree with William 2112, no need to justify your moves. They were correct for your PLAN. The only one that counts!
LOL the other day I asked you to write me a check. You said you bought GTEL at .067. Probably the lump I sold out last year!! So you owe me one!LOL.
The plan, last year I was LONG and dumped for a short time because it met my over all trading plan. 50% TAX loss.
I made 8 2 cent swing trades, and took a loss on my long lump, still showing a good profit on Gtel.Then I got back in at .14 and sold at .28 this year for, a double once already.
As you can see, everyone is different. There plan works for them, not everyone. Want to stress this point on the board again. Just in case some newbees want to follow plans posted about, on any board.
Make a plan that fits your circumstances, don't try to copy others. IMO.
PS; Did everyone read the post saying Sanswire one was going to be built new and the one at the viewing may go to south America? Only a rumor, but makes good business sense!! They have the time, and why not make the thing as good as possible for the 1st try! NO financial loss, because they can reuse the first built, at their partners location down south.
I'll restate my main reasons to make GlobeTel my first ever long position. Mr Huff has proven he knows what he is doing. The business plan pulls rev's from 4 different, leading edge profit centers. Management and major profesionals are on board with their money and careers, to make the business successful!! Oh and financial business execution, within given time frames.
Like to thank all for the kind words. I've been trading for just over 3 years now and can remember how hard it is to find things out about trading. Books give alot of info, but little insight. Just trying to pass on some insight I've learned the hard way.
Non of my posts are intended to be used for buying and selling, that's your job, to figure what's best for your situation.
I personally believe in having buy/sell targets, before I enter a stock and stick to them, mostly. On the large exchanges, I use round trip orders. Since they have become available. And find better success, by not looking until the close of market. Have a plan, work the plan, keep the fingers out of the plan. LOL
Started posting about this stuff several months ago, at a different board and was suprised so many found my bull informative. That stock left the OTC:BB and Tnog became my new penny play. It will never replace the other, meaning I'll never fall in love with it. But it still looks like a good penny play for several months.
If you follow the email link in my profile, you will find a few more thoughts. And can ask on topic questions. Don't expect me to tell anyone what or when to buy/sell. But I'll try to help answer questions, with the help of other experienced traders. Dragon maybe you can help.
In the mean time, I'll be here posting my opinions! Tnog is a hold for your target!
Learn to think like a market maker. Ask what would I do to make money.
Example; If I had an inventory, I'd keep records of where the shares were purchased. 1 million shares, 200k at .011, 300k at .014, 500k at .016.
Now when a run occurs, I'd sell my inventory, like retail trders, 200k at a 20% profit or .0132, and want the run to continue to .0192, where my bulk is at. After that point, every share I have to sell, would be naked short! I don't want that and would try to stop the run there. Take the PPs down and buy more inventor lower, for the next run. This is what I mean, when I say, MMs are selling into the run. Helping it continue.
I choose PPs numbers and 20% profit figures, because that is what I saw happening the last move. A complete guess as to where MMs have their inventory now.
Many times the retail buying pressure, will not allow them to stop the run and they go naked short!!! A complete other discussion!
fivecents
If my targets were hit. They were not, .28 for swing and .36 for lump! I went with the plan and moved with the exchange move.
The main change, in my original plan, was to dump the lump instead of hold it. At any rate my updated plan was not met!
I followed my original plan. Right or wrong!
flasecretary - A must read for all!
Yes & no; They want shares lower to sell into a good run. But don't have as many low as they want. So they decided to stop the run, until they built their inventory up lower. When they feel they have enough, they will sell for a profit.
My take on all MM traded stocks is the MMs make money on fees for the volume of share traded and they make money on profits from the buying and selling of their inventor, to "make a market".
Now how can you make the most money, if you have control of what happens to the stocks PPs. You would want large volumes to create large fees and you would want to accumulate inventory shares at low prices and sell them at high prices.
Simple.
When is the best time to accomplish the goals above. Accumulate shares lower as the PPs walks down on low volumes and sell those shares into a high volume run higher.
These are the facts to my posts. The opinion parts are the tools they use to accomplish these goals. This is where I get into illegal action.
Market makers are not suppose to control trading. They are suppose to help the trading atmosphere, by using their large inventory to keep trades trading at bid/ask.
Another words, they are to fill trades, when retail traders orders come in without a matching retail trade order.
Now you say, if there are 10 MMs covering one stock, how can one MM control what happens. (the illegal part) They signal to each other with trade sizes posted in the open market trading system. (the level II you watch)
When a retail trader (you) places an buy/sell order, it goes to the market maker. They then are to take that order record it in their books and place it into the open market trading system. My claim is they hold orders for a short period of time to see buying pressure and selling pressure.
Once they determine where their orders want to go the signal with a single order to the open market. You can notice these, because they normally don't fall inline with other orders your seeing.
Once several MMs report what is on their desks, the retail traders want up or down. Now the MMs will signal with what they want. Once a over all consensus is out in the open market, one MM will start a move, in the direction of that consensus.
This is very complex, as you can see. If several MMs see large block order high and want to get the fees for themselves they may go against the consensus and get them. On the other hand in most cases the move will follow the majority.
I've been posting some of the signals I've noticed and by no means are these fact!
When you see ODD number trades (1578, 4567, or 15568) at the ask, it says, one MM has more buy orders than sell. If they are at the bid, they have more sell than buy.
If you see small rounded orders, it means one MM has large block orders, the direction the block order is, is determined by if they are at the bid/ask (100, 200, 700, 900). The size of the small rounded order shows the size of the block order, (100) may be a small block order and (900) may be a large block order.
When all this info is out, you will see several from different MMs. Then, you will see Matching trades in seconds of each other, with very close spreads. Telling each other what the MM wants to do. If the spread allows the matching orders at the ask show they want an up move, if they are at the bid, a down move.
I would have to go on for ever, to list all the tools and will end this here. I hope it gives a basic understanding on the OTC:BB market you are playing in. And all should understand, non of what I am posting is true fact. Because it is illegal. The fact is market makers make money on fees & margins!
My advice to everyone concerned about GTE is,
Find another penny play! I did, and now I'm getting just as flustrated in that swing play, as I was in Gtel last year. I'm happy now! LOL
If you need the action, like I do, it's out there!!!
My new play just missed my TA target by .002 and has gone down 26%. My 12.5% loss! Not 25% gain!
The action is out there! LOL
wolfrun
Agree, should have! Didn't, so what?
GlobeTel is right where they have worked 2 1/2 years to get to, what more does anyone want? STOP trying to out think the guys that got us here. IMO
Many here have to make a change in their mind set. This stock is no longer a penny. It is in flux, after some of the most volatile company actions I've seen in any company.
I mean most here have followed GTEL for months and years and they don't know what to make of the PPs action, past, present, and future. New investors will adjust the trading action until GTE finds a new trading pattern.
One week does not a pattern from!
RELAX ! one week owning GTE will not change anyone's life.
OR should I say; should not change anyone's. LOL
"Yes" and the same need for instant gratification buy traders in Gtel.
IMO investors in GTE, the true longs, are just fine with the first week on the American so far, I am.
Buy on the dips! That's being long! EOM !!!
From 2:30 to 3:15 2.5 million shares traded with .0001 spread. Large block trades balance out to 250k at .0151 (+). You'll see a trade or several totaling 250k at the bid .015 EOD!
I should add that now that most swing traders are not playing and the day traders seem to be gone. The MMs swap fest doesn't seem to be drawing in volumes they should want.
They may give up on this if it doesn't produce concistant results. So all's not lost yet. I have noticed in the past, that when all that is left trading is shareholders MMs don't seem to win. Tnog holders are very strong minded. So don't change because of the daily plays, TA indicators have been reached in the past and should continue too. It just might take a little longer than expected.
IMO this is MMs swapping to draw interest that is not there. Swing & day traders don't pile on with big block trades with out PPs running in one direction or the other.
A pure MM sucker play, these guys have complete control of Tnog now and the only way to make money on tnog short is to play there plays. I'm sure the day traders which got nailed by them yesterday are reading them and will stay on the side lines until they see a slowing of the MM games.
Mid term TA still positive and larger run still in the indicators. But I see the MMs have gone from play the trend to control the trend, in the past week or two.
It is my opinion, board members that expected some quick positive action this week have seen it. MMs have become pro active on this stock and they will continue to accumulate lower until a company PR timed with their profit run plan. If they don't occur at the same time the MMs could stop the run the same as this time.
Over all, we are trading in a different environment then the past 3 months, when runs seemed to be free running. If I'm correct about all this, the TA may be inaccurate in the near future due to daily MM manipulation.
I have noticed Aroons and Williams% seem to produce more accurate trend indicators in this type of trading environment on OTC:BB stocks. Remember they are trend indications and don't produce calls for a move like SOCH or MACD. They use time vs trades rather then price in their formulars, thus MM manipulation of price do not effect them as much.
I ran out of post today so had to wait to up date my MM eval for you. Tie this in with dragon's BBands and we have an early pull back. Add "swap fest" to your MM dictionary, now!
EOD final MM eval.
You just saw the MMs not let it go, yet get 10 more million shares traded until 3:45. The last 15 minutes you saw 10% of the daily volume traded or 3 million shares, mostly at .016 bid.
What does that say? I was wrong on expecting them to want profits. They wanted more inventory. (shares) IMO they used 3 million shares to bring in 7 million and traded the 3 million back to each other, to settle out, at the EOD. With a thank you to each other for a good days work.
Now we have seen, for the first time, what I call a swap fest. It is when MMs trade back and forth millions of shares to drive PPs up a little, to draw in volume. This is a standard practice with other pennies and I've wondered why I haven't seen it here before.
It's another example of my point, that MMs have more plays up their sleeves, to control the universe their way.
IMO when they reached the .016 point, on todays walk down, they saw that the swing traders would not come on their own, at .0162. So they sold 3 million share to each other at ask, up to .0165 - .0167, on the 2 afternoon bumps. This drew in 7 million shares from swing traders, as they saw large trades go at the ask.
So today these guys not only beat the Experinced day traders, but they suckered the experienced swing traders, to buy before the next up leg, with a fake out play, they had not used before. The swap fest play. Common, but not used here before. Look for huge trade volumes at the end of the day. If it continues, you know the MMs are in a fake out mode of manupulation. Selling into mini runs during the day and taking more shares back then they gave.
This is not good for us. "IMO" It says their inventory may be smaller at .014 - .016, then I guessed and they need shares, for a profit run. It means they won't want to trade into a run for profits as I expected. It means a longer wait for the .022 - .025 target.
Not, the target will not be reached. Just they want more shares to make more profits. It will take some strong day trader interest, to over come the new trick, exposed today. WE WANT SHARES, NOT, MORE PROFITS! Our inventory is not ready for a larger profit run, yet.
If you look at a chart, you will see a run stall APR 27th that did not work. This time the MMs pulled out a new trick, to try to make it work better this time. And it did work.
Remember they are learning from their mistakes also. What ever they tryed Apr 27th didn't work, they learned, so now we see a new attempt with a new tool, the swap fest.
Selling some shares higher, to draw in traders, walk it back down accumulate, do it over and over, on the tension of swing traders expected run. Then they settle out with each other, for a small loss at the EOD.
The fees they made on the shares traded, pays for the loss, and they accumulate shares at a level they want to accumulate at.
I hope this makes some sence and everyone will start understanding the complex reasons behind what happens. My opinions, as to reasons can be wrong, they are guesses, but the fact that shares were let go, stopped, let go, stopped and huge trades sizes at the EOD are facts. They are swap festing us. You decide why!
Luck to all!
rattlewatch - Todays chart, 3 day 5 minute !
You may be correct, in that, the dumping volume increased after the specialist took the PPs down at 11AM and established a new trading level. This trading level was excepted by;
Weak hands, into new investors hands. May be the answer to who was selling at new lows!
PS: daily trading figures, I missed th 23rd open.
5/24 trades 362, ave size 1,136, EOD vol. 411k
5/25 trades 659, ave size 1,127, EOD vol. 742k
Black lines on chart are at 60k shares each, traded in 5 minutes.
Karl; when the ave trade is under $10 k a $70k trade is a large block, sorry if $70k is small to you.
fivecents; thanks, for fact checking me, but $3.15 is my weak target, the .222 was wrong, but .21 is closer to the low we hit anyway.
Wolf, I agree with fashion, discount sale was smart business move. Warrants shows how much management and investors were guessing!
Old message was my last until midnight and on the wrong board.
Sorry wrong board.
WOW the way down, share sizes below 1k most all the way. BANG! 20K - $70k buy below bid at $3.40.
Fashion there's your American walk down for large block trade thing, in BLACK & WHITE.
Expect to see this, but not out & out manipulation. The specalist just made the market! Got a large investor in GTE, 6600-6600-6600 @ 3:39, while little guys jumped. IMO !!!
newguy13
IMO anyone who was short on their investment on GTEL, like me, and didn't think 100% GTE would become successful, they should have sold for a lose before the move. PPs growth takes longer on larger markets. Just a fact! So if anyone short held, expect a longer wait to trade out for a good profit!
8% up 10% down; Sound GREAT to me. I want to buy low. I'm starting to formulate my next long buy target and this move is helping me determine where it could go..
LOL but my prelim target, not hard target, is $3.15 and after I came up with it, for fun, I divided it by 15 and guess where that puts it! LOL Right where it was when we were on the OTC:BB, .222.
Sorry but thats my buy target as of today. I still have an old swing trade I may let go at $4.15 (.28), not sure if I will swing it or just let it ride with my long position, yet. Depends if I want the cash when it happens.
Newguy I'm starting to think you have no stomach for risk! Your posts are usually, on the, oh no, I'm in trouble tendency. Don't worry on 3 days trading, when your long. Long is months, years from now, take some cash out, on any run and you'll feel better, if your in to large with GTE.
Remember managemet has not taken salaries for years and taken share instead, plus some have dumped a million cash in for preferred share. Do you think insiders that have put this all together are dumb? I don't!!
OK I'm running out of posts for today. So this one will be a long one!!! You've been warned! LOL
I hope some here are seeing what I'm posting intraday for. Not really to show you when to buy or sell, but help educate you to see daily patterns you can use it the future.
If you follow my posts you should be able to develope an sence for the reason for PPs actions and the types of MM signals used, in a days work.
Tnog is just a good example; The 10 million shares day traders got this morning, usually will be sold this afternoon with MMs accumulated inventories to swing traders which use TA to determine Targets.
Well the MMs signals and holds stalling any move, is for a reason. You now can see the 10 million shares day traders bought, sold back to MMs.
The bottom was .016 and now the MMs (masters of the universe) are leting go for a PPs rise, to sell 10 million for profits, to swing traders.
The swing traders were concerned about this mornings play, I know; I am a swing trader and I was. The MMs didn't see swing traders interest after rush hour, into lunch hour, so they took the oppertunity to take the day traders shares for a change.
Now that they have done that, they are offering these cheap share to swing traders for their profits and trying to create their very own run with out using day tarders share to help. the move up along.
In the 5 minutes it took me to type this, they have moved the PPs from .016 to .0166. Lets see how the rest of the afternoon plays out.
I expect to see another 10 million shares traded in a intra day mini run up 10% from the bottom, with a finnish at about 50% of the days drop. I also expect swing trader will see the MM play over and expect the TA targets coming back in sight, and start buying again.
Remember MMs don't want to chase this interest completely away. They make money on the shares traded, fees, also and this is only the begining of over 20 million EOD traded days.
They want to keep EOD volumes as high as possible with out losing money selling their inventory short. After a few more days of watching how MMs move this, you should be able to guess where they have the bulk of their shares at.
But right now I'm guessing it around. 14 to 16 cents right now. Could be wrong on that, not enought info yet!
The past several days posts are hopfully helping board members see my opinion on how the MMs, day traders and swing traders use the OTC:BB universe to make money. Understanding the players and the unwritten rules can help, but you never can really know for sure.
Tnog is a good example, because they seem to be more predictable then others I've posted about. I nornally call things wrong, more often. But seem to be hitting these guys like clock work. Just luck, because MMs usually confuse me more then here.
Again these posts were ment to be more educationall because the MMs are giving such clear examples of my guessing. LOL.
IMO Tnog will still reach .022 to .025 before a real retrace. I could be wrong, so don't use my opinions to buy or sell. Develope your own targets and trading plan and stick to it.
One thing I hope all learn, don't ever think your favorite companies stock is trading freely on the OTC:BB!!!
Also remember one more thing. Tnog had been trading flat for a long time and the MM that cover them have just begun to hone their skills with this stock. As the company continue to execute and the up trend pattern continues the MMs play will become more hard to read. As the change to meet MMs new goals for this stock. This is an ever fluxing inviroment. And MMs know how to control it.
LUCK to all.
ecp1976 - ADD on to post, - We can't use any glasses, because we can't see company financials YET! So can we say; we are all looking through speculative glasses, for now! And using oil men board members & TA board members & company execution, to speculate! A higher PPs over time.
VTRARSAJAK
Could be some swing traders taking profits, from last 2 days or IMO the 10 mill volume accumulated early low, daytraders stop losses, getting out under MMs run down. When MMs didn't see enought buying pressure to sell into for a profit, they do the next best thing for themselves, accumulate lower.
IMO this is MMs accumulating on day traders shares. Because swing traders did not come to eat up 10 million shares accumulated early.
If you swing, call this as a buying opp, if your a day trader call this a bad day. if your long call this a quick retrace before TA indicated targets are reached. If your an MM call this a good days work!
PS: please turn your CAPS, off, makes it hard to read.
Lots of under 2.5k trades coming in now, early lots of over 2.5k trades were coming in. Average PPs $3.87 early, $3.57 now
Large spreads happening less, 100 - 200 small trade size orders going away, 1k $3.9k (OTC:BB ave) & 2.5k $10k (OTC:BB ave spec trade) trade size increasing. My take is 2.5k will be new investors and 1k will be old shareholders adding.
If this is correct, what we are seeing makes sence today. New investors coming in, on first day they become more prevalent then penny player trades. Saying we like what we see at this level after 3 days of DD/ and old shareholders adding on on the dip!
Just trying to show board members patterns to look at, and patterns forming the last 3 days.
Won't be able to evaluate TA for some time, so I'm focused on short term patterns. Hope they give board members a handle on what is happening short, to project what to expect as GTE forms a trading history!
6 matching trades from 11am to 12noon; 3 show hold for up & 3 show hold for down. Between .0189 & .0185; one large block trade at .0188.
Looks like this could take some time, before MMs know what they want to do! LOL No concensis!! So the stall continues.
This may end up a stall or retrace day, with under 20 million EOD volume, if MMs and day traders don't start taking profits soon.
Now lets watch the after noon play out!
fashion, agreeded that does happen, but there were NO large stop orders closed or volume run on this!!!
This made no sence! Unless it stays down and is the American investor value they placed on GTE after 3 days of DD.
Still to early to know what is happening yet. We're long so lets not get to up set on a half hour basis!
Do your work and use you plan! Buy on retrace. The question is should you get excited and act to fast on this. I'm settling down, and watching into the end of the week some more. Whats 10 cents. We had spreads of 10 cents Monday!
My calculator said, don't over react!
ADD on below
What the H--- is that down 10 cents on 5 trades for total of 2.5k traded. This doesn't look correct! Though this type of thing was over? Now 15 cents on 10 trades.
Trades small to ave at the bid, way out of line.IMO No volume run?
----------------------------------------------
Could todays good size trades mean day traders are here, not investors? Starting to look like it.
Going to take some more time than I expected to see GTE form some kind of normal trading pattern.
I'm going for a while, using my calculator for a buy order target point, today. Cought me off guard here, didn't expect this so early.
Signing Off! Got to go to work now!
grapes,
Most all trades today in that size, showing investors expect this to be the pull back, I expected after the weeks end.
The trading pattern I wanted to see was 2 days early!
Looks like my 12% with 8% retrace, fell short. I do like those ratios though. Up 8 down 6 will do.
Looks like $3.70/$3.65 will be the support area so far. Think you got it timed better than I.
grapes,
Most all trades today in that size, showing investors expect this to be the pull back, I expected after the weeks end.
The trading pattern I wanted to see was 2 days early!
Looks like my 12% with 8% retrace, fell short. I do like those ratios though. Up 8 down 6 will do.
Looks like $3.70/$3.65 will be the support area so far. Think you got it timed better than I.
ADD on below
384k, 250k, & 4 100k trades lower to -8%, ok the day trader bus should be full with that 1 mill. Time to move on to the new bus stop where they get off. There may be a stall here for last minute riders. Let's see how lunch hour looks, should be a 50% EOD level.
ADD on -- there goes matching trades seconds apart at 10:32
for 270k, the hold is coming.
farnrth1 I heard that! Agree!
first fifty trades +/- , only 5 100 share trades, most over 10K, now we're seeing American exchange size trades so far.
I wasn't saying there wasn't good reasons to buy 100 -200 shares. Just the ratio of small to average to large was not normal for a stock trading on the American exchange.
I like round numbers also and would like to round things out. but the first day there were +/- 70%, day 2 +/- 40% and thats an adnormal amount of rounding out. $390 would be better used on a penny, if it's all one can afford.
5 million accumulated first half hour, ask/bid tight, down 6%. Things setting up good. Looks like they should be ready for daily profits, to start soon.
'ozone_park'
If your post was to inferr my target was way to low,
Check post# 639 yesterday.
.06 is 2 1/2 or more weeks out, TA wise. Lets get to the first target first. First a run then a retrace, then a run then a retrace, with many varibles in between in pennyland.
I see it out there also, but am not confident it will be reached as of today. The up trend channel is there, the chart patterns are there, the time is not yet!
TA chart
More to come, MMs working a little to hard for me to think they will help by selling much more into this run.
I see 8 & 9 month resistance points at .03 & .04, the .065 one is a year old. I don't count any that far out as resistance. So I don't see any resistance past .027, only pattern history & MMs should stop this.
If you look at yesterdays chart purple box, your see a 6 day run and we're just finnished day 3.
Target before retrace still .022 - .025 ! LUCK
About 5% of trades today were over $10k, with several over $40K. In the $3.88 - $3.90 range. Less than 1% yesterday.
Still plenty penny player trades ( 100 - 200 ), but investor size trades increasing.
Seems the run/retrace for the move to the American exchange is more than I expected it would be, so far. Then again, I didn't expect over +5% gain the first day. Did expect 5% by the second. Here we are at 6%, oh well! LOL
I expected over $4 end of the first week, up 12%. Then a 8 % retrace to $3.70. Without a PR.
I can't understand the penny player trades! At all. What can someone expect to make on $390 ? If they were adding on or accumulating, still makes no sence. You shouldn't put your last pennys into a long position.
Hopefully the penny players will dissapear slowly, as the investors come on, to keep EOD volumes within the 1/2 million share range.
All and all I think most that moved, with the exchange move, have a short wait before we reach the break even point and move to profits the second half of the year.
I'd like to stress my post last night about the core business. More investors should pay attention to it. I'm sure institutions will only be investing in it, not on the spec. Strat play. Those will come after the thing is flying, not before.
But as I've been saying for 2 years, it's all good with Globe Tel. I am concerned what will happen to GlobeTel's PPs if the thing doesn't fly the 1st try. Could present a great long buying opp and maybe some should wish for a half successful test, late this summer. LOL
The company core business execution should carry us through any thing like that, if it happens. I'm loven the business plan and execution and am starting to look at GlobeTel for my old age income! I see new cell phone applications, to drive margins for GlobeTel, as a service company for them. The writting is not only on the wall, but at the trade shows today!
Very impressed. This CEO Jacobson, knows how to use the market. PR timed perfect for run into EOD and continue tommorrow with day traders arrival, Yesterday.
Caradoc
LOL I forgot that, you'll be trading stocks over cell phone soon also. Maybe Gte will get into stock transactions also. LOL SCHB sucks, IMO as a broker or market maker.
Caradoc
You completely left out the core business! IMO. You expect the core business to get GTE to the profit point, but IMO it will be much more then just reaching a profit point.
Money cards linked to phone transactions and overseas money xferr is the future in the world. Today new phone products are being designed and shown at trade shows. NOW TODAY !
Phones are being made to link directly to personal computers, broadband internet and debit card transactions. They will be able to provide owners instant access and control over all things in a persons life. There already are phones that plug into laptops and you will be able to rent movies, listen to music, swipe store transactions directly through your phone.
This is happening NOW and as the products become more common the uses will increase. I see Gte's SMS protocols/ value added cards, used by phones, and will link money card's to stores, AMT's and prepaid phone services, with out the need to have a plastic card at all. GTE's core services will begin to look more like a bank than communications company. In 2 - 3 years, as these new products in the cell phone industry become more common.
VOIP will be available thru broadband cell phone services and the difference between a communication company and internet access providers and banking and streaming audio/ video will all come under on roof. Wireless !!
People will be shifting money with phones, just like the instant message now. Million and millions of times and hour world wide. Each transaction thru service companies partnered with banks, on credit card approved data switches. receiving fees for each transaction.
IMO people will be wiping out phones for every thing. Wallets to hold plastic will disappear, just like cash left wallets. Mark my word. Your world will be run by cell phone before you know it.
The Strat will benifit this market and really benifit GTE. But this future will be, weather the Strat is successful or not. And GTE will be on the ground floor running, as they see these new oppertunities being used world wide.
nerd ERROR in this ;
That said Aroon does seem to give some PPs height indication by the point of cross. If it crosses low 30 line or so stronger move, If it crosses at the high line 70, move seems to be weaker.
You won't find this in the education sites, about arron's. This is something I and others on the board, have noticed!
Should be; 70 cross point weaker reversal, 30 stronger.
IMO This is because when the 30 line is reached there is less trades being made and weaker resistance to a reversal and when at 70 there are more trades being made and more resistance to a reversal.
Sorry for the mistake, but it gave me an excuse to explain why I think it works that way.