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design333
Sure PPs can always fall. But the last 3 days of traders buying on PPs ups and not selling on PPs downs, with a normal PPs run on any company moving to a larger exchange, should keep that from happening at the move. It could happen after the newness goes away, but I don't see it to happen out of the shoot!
All will have to watch, IMO, after the first week, for that possibility, but again IMO Gtels execution and rev pipe line, would not warrant such a fall. But I'll be watching for a retrace, so I can buy in long on any pull back.
When I posted My opinion on RS at my web site, back early April; Gtels PPs was 36, the market cap $360 million and last assets reported Sept 2004 Q of $7 mill. Showing a 51 times premium to own a share. Remember these are close figures, not to the penny.
Now after Q1 2005 the PPs is 24, the market cap $240 million and the assets at $15 mill. Showing a premimum to own a share of 16 times.
Once again these are ball park figures and not using EPS like calculating the premimum on large exchanges; but using market cap vs assets. But you can plainly see, the financials are allready becoming in line with a large exchange company. Because of Gtel company execution to date!
Why wouldn't institutionall investors, which are way smarter then me, see the same thing? IMO yes, Gtel will see institutions investing in GTE when it is on the American exchange at $3 to $5 PPs.
Next big mouth opinion;
3days,
Had some exchange stocks close for me on DOW 3 days up run. Now I have some cash and want to buy Gtel, but the TA is not being fullfilled. Plain and simple, I feel I'm in the same position as many Gtel shareholder. Want to buy, but nothing is happening the past 3 days, to confirm a buy point. If my TA up move indicators are wrong, I could loose big by buying, so I hold.
IMO MMs control winning, not a run down, they tried that 4 times to .22 the last 3 months, couldn't break support, no reason for them too try that again.
Their money maker (Gtel)will be gone in a few days, can't play it. But they don't want it to run up on them and have to settle higher than their inventory point, at the exchange move.
IMO this is what we're seeing. A hold, sell the big blocks as often as possible here, to unload at inventory PPs level and hope for the best. Trying to put myself in the MMs shoes.
So that's my GUESS on the last 3 days. Why do I feel MMs inventory level is here? Because of the PPs the last 17-18 days and the huge 500k block trades. IMO these trades are MMs dumping befor Gtel goes away, not shareholders. Kind of a safe do it now cover, just in case the run comes. That's what I'd do. They may not be covering shorts, but IMO are covering from becoming short.
william2112
Why not answer question, your the candle man!
Was going to ask you about last 2 candles. A harami, as I recall, large white covering smaller solid, they can be either bear or bull, right? and depends if they occur in an up move or down move.
Not the strongest candle, but with up move DMI/ADX confirmation today, up trend aroon forming, both candles still above 10 day BB MA line, slow sto approaching 50, with macd heading up toward zero and increasing in divergence, all are showing move up.
I can't find a single TA indicator that's not positive, including 2 days of trade volume increasing on highs and decreasing on lows.
ravicka
http://stockcharts.com/education/
http://clearstation.etrade.com/education/cover.shtml
http://www.investopedia.com/dictionary/
http://chart.mine.nu/chart.htm
http://chart.mine.nu/ta.htm
http://www.chartpatterns.com/
http://www.investorshub.com/boards/board.asp?board_id=3694
Qustions;
http://www.atomicbobs.com/index.php?board=189
Happy reading !
Day chart!
Wolf, don't oops on the minute tic. Ta says it's going up, it'll get there, if traders get their way.
Check out traders interest it todays trading and you'll see what I'm talking about, if the PPs lowers, traders trading lowers.
Ta Charts show up move, traders shows up move. But what is happening?
Got to love the MM skills ! LOL
'design333'
You been worring about PPs not moving up today. Well someone had a buy order in for $123k (500k shares @.246) that MMs just closed.
Yesterday and today's PPs has been all about where the large block trades are at.
Expect PPs to free up for the day now! LOL
If anyone following my posts will be looking for my new GTELong handle, when Gtel moves to GTE at the American exchange, PLEASE Note. I had to cancel Gtelong because Ihub will not allow 2 accounts.
So keep looking for lowtrade, I can't go gtelong.
design333
If you look at the chart you will notice a reversal signal in the DMI on the 9th. But the ADX never crossed DMI- up to DMI+ to confirm the reversal. The PPs showed the lack of confirmation by not continuing to rise. Today the ADX confirm signal shows the reversal should stand and normally signals swing traders to buy, because of it.
Also you will see the 5 day (one week look) Aroon crosses the 9th to signal a trend reversal, but without DMI/ADX confirmation it reversed back. But it crossed up with the ADX reversal confirmation today, strengthening the signal of a PPs climb.
If the ADX continues up, into the space between the DMI- & DMI+, I expect the Aroon up trend to also continue. See how these 2 indicators compliment each other, Aroon for trend & DMI for PPs reversals. William2112 10 day, short look BB, also shows continuation as the candles stays above the 10 day MA. All indicating a climb, not run. Just what we want, a steady climb to May 23.
MID day chart shows up trend cross of arron today. With UP trend start, as up line crosses 70 and down line crosses 30.
Also DMI chart shows change with ADX crossing DMI- up to DMI+.
Both good signals for climb in PPs.
fashion
Sorry, I'll get the old chart up again later today, check again later tonight. But maybe this one will help.
Yes ADX is above both. If it is below, it has to turn up with which every DMI that goes up.
The aroon question, when they both cross the 30 line it shows NO trend and you can't confirm any thing. Same if the are going up cross 70. To show trend one has to be above 70 and the other below 30.
bb_stock'
Sometimes when you list a chart the ADDS on the right will cover the top part of the chart and people can't see it all.
I found if I type EXAMPLE;
Message da da da and so on. Then hit return 10-12 times before I post Don't type return, just hit return before you use [ chart ] & [ / chart ]
Return
return
return
return
return
return
return
return
The chart shows up below the ADD.
Sorry message numbers are 838 & 777. Not 773!
Also noticed I didn't put (-) after DMI / RSI must go opposite directions.
RSI & DMI- go in opposite directions for trend change, no matter who's on top. Sorry
Nutshell; Top DMI & RSI opposite directions = change, ADX high confirms. Should be DMI- (aways)
Fashion & greenhornet
I was posting how I use DMI to day trade. The info posted at the following message numbers are not how DMI / ADX works, as a TA indicator. Just something I noticed and when I applyed it it worked well, so I posted about it.
The explaination is for day trades only, a weird thing that has nothing to do with TA. Just a pattern I noticed that works most of the time.
READ posts #'s 838 (main one with chart) & 773 (setup for second post 838)
EOD had 2 - 400 share trades at ask.
When you see under 1k trades, normally means MMs want next days PPs to go direction of signal. In this case up, because of the trades at ask. But there were only 2, with many more MMs out there, so it is not a strong signal. If you see 4, to 6 it's usually up/down; ask/bid, for sure.
Just something I noticed in the past.
BB stocks; If you put 10-12 returns after you message, the chart will NOT be blocked..
fashionman
Don't forget the RSI has to confirm, no problem with ADX confirming, because, as you said, it's already high and DMI+ is moving up to it. So it doesn't have to turn up with DMI+ moving up, to confirm. But don't forget to watch RSI .
PS: What are you using for your level II, saw your were talking about it, but you didn't say what one you ended up picking for now.
techBear
You got that one correct. I just got back in and took a quick look at daily playing and the MMs are jump up and down in minutes to pick up every large block they can.
They got 1 at about 1:10 then 2pm , then 2:20 and 2:50. Now they walked it up, instead of just jumping there, to get 250k at about 3:10. And down it went! LOL
This is so funny. They are struggling so hard to stop this from just going up. But they want the fees on the big block trades.
They be working the system today. !!! LOL Hope no long here, gets caught in their game. As I said this morning, lunch was the last buying opp today!
OT: And I posted it again, with the man that got the info's link.
Mailman has been a very good source of true factual Gtel news for over 2 years for me. His knowledge could help others.
Don't understand the point of your post.
You got to love the Market makers skills!
They took the Q1 semi non event (inline with expected numbers)following Fridays mini run; to sell 4.5 million accumulated lower, shares, and gap it up, sold them, to the spec traders the first half hour of the rush hour, then bought them back, 6.5 million worth, back down to the gap start! LOL
So here we sit at gap, ready for the next play. I expect this round to be more accurate to shareholders sentiment. Watch how it trades into lunch, to gage how we really feel about the Q1.
IMO this mornings MM fun will become the MM fight to hold until EOD. But either way, I think Q1 deserves the gap from 24.1 to 25 and the first hour should just be reaching 25 now, without the MM playing.
IMO Q1 numbers were as expected; except news of old Mexico carrier traffic halt and no increase of money card rev. All the rest of the non numbers news was interesting. Seems core business goals are being moved around to reach Mr. Huff's goals in a way I didn't expect. All good, because he knows what was needed in those areas, to execute the core business goals. I didn't. So all and all a good report, showing progress in all areas, slower then expected in some and quicker then expected in others.
I feel the PPs should slowly climb to May 23rd. With MMs fighting all the way, kicking. Q1 showed all targets in place, and company management, with the Caterham group executing their business plan.
Mr Huff e-mail - Info on exchange move date; at Mailman's board.
http://www.atomicbobs.com/index.php?mode=read&id=68765
mimurray
Thanks note I forgot, and just added the highs normally cycle on 2 1/2 week cycles. Due next week. I've been posting with 2 handles lowtrade & gtelong. check history at profile for other TA posts. I swing trade pennies for 25% and like tnog for this. Things look good for another run soon, TA wise. IMO
Follow to bouncing flag poles, off the BB lower line, for next run Target. IMO Note highs about 2 1/2 weeks. That's next week for next high.
OT : Please note; I've changed my email address on profile. Please take off topic and other questions to me there.
Thanks !
Here as long one about developing a trading plan for GlobeTel the next few weeks and on.
Just got done 3 hours of yard work, felling my age so far this spring. Can't remember being this pooped last year.
Ok I've been getting allot of questions about my trading plan the next weeks. Remember I'm just a trader like you and do not recommend you buying or selling because of what I post. My finances may be better suited to except losses than you and my trading style may mess you up, if you change your's in the middle.
But If you see my logic and it is the same as yours, and I just happen to point out something you haven't thought about, Good. That's why I'm posting.
My short plan has been stated in several posts before. I swing pennies for 25%. I have my Gtel long lump at 29 and closed a swing buy yesterday, (after breaking my target rule for .222) at 23. So add 25% to both and I'll sell, subtract 12.5% and I'll sell. If Targets are not reached, hold. The shares I have left will go into the exchange move and come out as GTE shares.
My goal is to be out before the move and I may bend some rules, to do this, with my targets. I want as large a profit on my penny play as possible.
Now for the future, Normally the PPs of a company with good financials going into an exchange move, runs up during the several days after the move. I expect this and the Q1 will have a lot to do with how I trade, just after the move.
If Q1 is as good as I expect, I plan to swing the move. Buy as soon as possible and sell on the run. If the Q1 doesn't show me what I want, I'll hold my 1st long, GTE long investment buy, until; after the retrace.
I see this point in time a good starting point for my long investment with Mr. Huff and GlobeTel. From that point on, I plan to buy on retraces, every time I have some extra cash, NOTE; EXTRA cash!
The next play area will be before the Strat. test. I plan to swing that time frame and put all profits on the swing, back into a long position, after any retrace. The cash will return to my trading portfolio.
This time will probably be like non we've seen. Expect strong buying into the test and very unusual percentage gains, if it makes it to 65K feet. As soon as it's up, I'm out. Not waiting for the operational testing. My Targets will be penny targets, (+25% & -12.5%)the sell loss will stick, but the sell profit may change.
So there you have my plan as of today. As always, as time moves on and events play out, I will re evaluate this plan and change it as needed.
Now maybe my email box will return to normal. Thanks for the kind words.
Be logical, most can figure this stuff out. Just sit back and think about your trading style and existing plan.
Then pull in the announced events to happen, expected company execution and normal trading patterns you've seen in the past, with similar happenings.
If you've never seen what's happening, happen to a company you've owned, do some DD. Find companies with similar events in the past. Remember your here to earn money, you won't have it handed to you. Do some work, it pays off, matching the info you find will be the info that best relates to you, not me.
Doing your own DD is usually the key to success, because you look for the kind of info that fits your strategy, not mine.
william2112 / Fashion ADD ON fashion, been reading you posts, good work. Thanks
Bill;
Agree, early DMI move was the start, BB you stated also occuring and I'm seeing above average large block orders coming in now. That confirms spec trader interest coming back as we leave the lunch hour lull.
Now lets see if the MMs are ready for a new profit run. LOL If so they will go after the spec traders block orders, selling their accumulated shares into this, increasing their profits and this move, as the day goes on!
PS design: it was am MM closing to get the volume fees. IMO
BoomTime/ design33 ADD on Mentioned the possible troubles with placing a limit order below bid the other day. It works both ways. I think the person that trades 500k, knows what MMs will do, for an order that large below the bid. Why pay bid when you can get an automatic discount, using the system. I'd do the same thing, if I wanted that large of an order closed. Maybe event look for a bigger discount by placing my order lower then he did.
Boom;
Thank you for your kind comments.
I remember the old RS thing. I also had words with Rocky & others, about that. I think, at that time, most were afraid of the facts. We were on the OTC:BB and the exchange move was so far away. Didn't want to cause a panic in the stock they owned, but I'd bet they also expected the RS, just wouldn't put it in black & white.
As always Rocky's RS posts were fact based and he didn't give his opinion. He's a great board mediator because of this trait.
MMs are on Gtel like fleas today. Did you see the jump on the 500k shares traded at .2315 (below bid) then went right back to .235 next trade.
willsimon/fashion
I don't care about credibility, just post opinions. Any way we don't know if GTE will have a seperate TA board and if it doesn't, I'll only be posting now and then as my business DD can't compair to what Rocky provides all ready. I don't add much over there except giving Rocky a pain in the neck posting figures slightly off.
You know how Rocky sticks to facts and I normally fly by memory. Without checking every post I make. He's been correcting my mistakes for a year and a half, I actually got so use to it I would just post ball park figures on RB, because I knew he would come back with the correct figures. He's so good at that, I used him as an unwilling fact checker and I think I started to Pee him off.
At any rate Rocky's the best!
william2112
Sure did RSI went from 65 to 73, 10:30 to 10:40. I wouldn't have pulled the trigger if RSI didn't. Check big charts java, 1 day 5 minute.
Remember when I posted my day traders DMI chart, I said you only have 5 minutes to react on a 15 minute delay. I use the level II to see the Big charts indicators. The Tic by tic also continued up ahead of the chart indicators.
At 11:00 & 11:05 MMs started with 3 signals to lower, The fight begins, but it doesn't matter to me I've already made my mistake changed my .222 buy to .23 and closed. Oh well. LOL.
Went into day trade mode today, because my .222 buy order had not closed, event though Gtel did get there and below on Wensday a few minutes, without closing.
OT: design33 No you don't have to change your handle. I just wanted too.
Rocky and Techbear will announce what will happen, as soon as they can. I, as usual, was just planning head and picked what I thought was a new cool name for when it happens.
Gtelong how do you like it, thought it combined my new position from swinging to long and keep the L in GTEL at the same time. LOL
PS: sorry last post under my new American board handle, when the board changes. Jumped the gun. Back to Lowtrade now.
Looking good TA wise today. Low volumes confirms no panic selling, PPs right at 10 lower BB with todays touch of 1 cent. Getting ready for the rebound.
Everything I wanted and expected yesterday, lining up well for a reversal, so far this end of the morning rush hour.
squ1dk1d
Sorry I misunderstood your post. Should have remembered your way past the basics, I answered with.
You trading plan looks like a semi long look and I agree with you, GTE patterns should change as they move forward in time on the American. Hope to continue to read your views then, as I'm not use to looking over 3 - 6 months tops.
As I said earlyer, I haven't been following Gtel much, the past 2 days and just read the late May 10 SEC filing PR and heard the webcast.
I like the figures, remember my post about UCAP trading for an investor who wanted $400k worth of GTEL low around 21 that day. Because they didn't want to get tied up with a tender offer? Could that be these guys, that didn't want to wait for Mr Huff to time the exchange move RS announcement before closing this funding deal after? Or lower the 5 day ave price for the deal?
Also like the warrant figures, shows expected close before the move at 34 cents, should be around my target of 36 with the discount added back on. Does some insiders & investors expect 36 cents May 18? Think the discount warrent will go thur for 8.5 million shares if it gets there?
May 10 PR late;
On May 9, 2005, the company entered into a private placement with a number of accredited investors whereby these investors have purchased $2,357,959.96 in Globetel's Common Shares at a price of $0.1924 per share, with Warrants to purchase up to an additional 8,578,856 shares of common stock of the Registrant at an exercise price of $.3395 per share.
MORE spectulation!!! Only speculation! I'm just reading between the lines, hoping, have no idea if my opinions are close or not.
Small things are starting to add together, liked Mr Huff's Wall St. interview. Would have liked to have heard, confirmation of money card transactions, instead of, business execution over the next 12 months. But I don't think Mr Huff went to India for nothing. Is hyping Mexico money card lately, after Centerline producing expected carrier traffic. What was that carrier traffic numbers combined, 40 mill a Q?. Plus the way he always mentions Hong Kong, trips to and carrier traffic hub. Like saying, don't forget what was so important in late 2003, early 2004. ASIA! I expect News to follow when, Gtel is GTE! I think it's a known already. Some info should show up in Q1, the rest that is happening now, will be used to drive GTE on the American.
rocky301
Stand corrected as usual, I know the deal was 1000 shares for 35% of OS as of date of conversion. Changed to 35,000 shares for 1% of OS as of date of conversion, per 1000. Forgot the per 1000 shares. The finnal certificate of designation was filed with the state of Delaware on July 30., 2004; showing the change. So the deal remained the same. $15 mill for 35%, not for 1% as I miss stated.
Still up holds my point. IMO The Caterham people are the under lying strength, in the over all business plan, and were a calulated move on managements part.
Management didn't use the blank check to continue to raise funds out side the company after and decided to RS to get funding from institutional investor in the future.
'squ1dk1d'
Support and resistance will raise 15 times with the PPs to start. And re-establish after trading settles down after the move; & TA will NOT change at all!! The only thing that does change is the OS & PPs, because of a larger PPs the swings of the stock, will now range from lower % on larger spreads.
The company has less risk of failure due to the improved financials & company history. The trading spreads will reflect this with smaller levels of speculation.
People don't speculate $25k for a 10 cent swing on a $10 stock, to get 1%; like they will, for 1/10th of a cent on a 10 cent stock to get 1%. Just how the game is played.
fivecents/william2112/wolf
A complete IMO post with reasons.
Five;
Because it's my style of trading. To be honest, when I buy GTE, it will be the 1st long (intending to hold over a year) I've ever owned. Mainly because of the non event that just happened the past 3 days. I'm back to target mode. .222buy swing +25%/.28 sell swing;.29 lump +25%/ .36 sell.
If I reach these targets, American should start $5 to $6. I'll buy and hold. Won't see 25% short swings after.
Will;
I haven't looked at TA or MMs for 2 days. Been re-researching GTE financials, OS, deals, pending contracts over again. Looking out long some, and it's still looking good.
I feel Mr Huff knew every thing at least 3 days ahead of announcements. I feel he also sees magic money deals and value added Xferrs starting, has a handle on where Gtel stands and the next PRs will be in this area for GTE, with more funding he has in his back pocket to follow.
This is all speculation on the RS deal happening so easy and the major expences he & the board took on, for the Strat program.
If they didn't see money coming, the mentioned moves would have hurt the over all business plan, setting profits back several Q's, killing needed American company growth.IMO
All that is happening, so fast, has to have been considered by management and planned for, with various option points. I see this various option plan thing, with the series B share deal, who ever the Caterham guys are they are the silent backbone. With $15 million ready to invest, in the core business, long before goals reached or the Strat.
They have 50% + 1 share voting rights, but will only recieve 1% of the company when they convert. $15 mil for 1%, see what I mean, also will stop, take over play! IMO Caterham people are insiders or at least a group of insiders & friends. I mean Mr Huff has proven he knows what he's doing, over the last 21/2 years. It wasn't happened without a PLAN. The plan is for this company to be a life time of business growth. Share option plans, share bonus plan, waiver of salaries. Insiders proping up company when they needed money, with series c & d share deals. Management is getting in as big as they can.
Wolf lets buy some, what do you say! LOL
Juststocks
IMO the bottom buy area is still .222. The only thing that has happened the past 3 days is a expected, short triangle pop on Strat news and a strenghtening of reasons for a larger run when the run occurs. IMO.
I still plan to play the plays and close out and re-enter on the American!
LUCK to all.
willsimon
Specialists are the same as OTC:BB market makers but regulated and transparent.
Specialists become the market makers; for all including market makers.
AMEX MARKET STRUCTURE
Specialists serve as dealers when there is insufficient public interest to accommodate buyers or sellers at prices close to the last trade. In these instances, specialists buy or sell from their own account to improve price continuity and liquidity. They also participate as dealers on all odd-lot orders.
Specialists act as agents or brokers' brokers, holding limit orders entrusted to them by brokers on behalf of customers. These away-from-the-market orders constitute the "book" and specialists are responsible for seeing that they are executed when the market reaches the specified limit price.
Specialists are the same as OTC:BB market makers but regulated and transparent
Specialists are obligated to maintain a fair quotation spread and to stabilize prices for their securities, as well as seek price improvement on all orders entrusted to them.
Amex specialists are carefully regulated to ensure that their activities are limited to these roles so that they remain unbiased and willing to buy or sell whenever necessary to enhance liquidity or manage price swings.
Specialists become the market makers; for all including market makers.
Registered traders, or market makers, are American Stock Exchange members who provide an additional source of liquidity for securities traded on the Amex. As part of the crowd, they trade for their own account and enhance the specialists' role of providing price continuity and liquidity on both sides of the market.
Slyhunter
The shares shorted on the OTC:BB do NOT exist. You can't cover and buy back shares that don't exist.
I've been researching this subject for some time and sent unanswered E mails to the SEC and other agencies. My question was and is.
Who doesn't get shares, when there have been 10 - 20 - 50 - 100% more shares naked shorted (sold that do not exist) over the previous years, when shares are balanced out for an exchange move? Who pays, who looses, what happens, when many more shares were sold to investors, then issued?
When the move is made, some Gov agency will have to balance out this, and with the RS it may be harder to locate problem areas.
But if the 1,080,000,000 shares converted to 72, 000,000, don't match the +/-25,000 shareholders accounts, What happens then?
Gtel was removed from the REG SHO list, but naked shorts prior to the list starting, was grandfathered and no one still knows how many shares have been sold naked before that.
This subject has been bothering me for some time and I have just given up worrying, if I'll be the one shareholder that doesn't hold certificates in my hand, to loose out. It's like worrying about being struck by lightning.
But I have NEVER been able to get an answer. Odds are the reporting agency will just fuge the numbers and hide any problem, just like they have been doing for years, for hundreds of other company, exchange moves.
I would say though, I would expect the market makers & brokers are looking at their books, to see where they stand between each other, and any short falls between them; May cause a cover scenario, as Gtel gets closer and closer to the move date. This could help with Q1 to cause a bigger run then expected; if either starts looking for open market shares to settle between themselves.Kid of like musical chairs!
Tech Bear
Never mind! Found needed info already.