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No Dead, This is it. eom
Villas I know this is an old post...
But as for NXXI currently, it is a DEFFINATE sell!
Take your profits and be happy!
The weekly chart looks like puppy doodoo right now.
Willsimon...
Your participation on this board has been, and always will be, greatly appreciated. I encourage anyone that post here to take your words seriously, you are not only a decent individual, but a smart one as well.
To the posters on this board, Willimon and I have had personal conversations, I believe in his integrity and knowledge, and I feel I could have not left this board in more capable hands.
I can not be here all the time, but Will has learned my lessons well, you can be comfortable with the fact that you are in good hands.
Happy Trading to all!
ecrich..As for UTSI
I hope you hit your target of 9.25. Right now the chart is positive as to the 5/10/20 method, but you must allways remember "All trends come to an end".
Right now I see alot of resistance at the $9.00 level and the weekly chart is starting to weaken quite a bit. If you are holding I personally would sell untill the weekly chart shows some strengthening.
If the weekly PPS breaks and closes above the $9.00 resistance than I would be all over it again, so why risk losing gains until you are sure of the future trend?
Will and all...SWHC
Has had one helluva run, I just want to point out a few "Cautionary" trends that I see are possible. This is strictly about teaching, please read the following chart carefully. "You never loose taking profits!"
WT
5/10/20 Timeframes....
When looking at a daily chart, be it 1 day, 1 month or one year, the daily chart will reflect one days worth of trading. So a 5 ma on a daily chart is the average of the last 5 days of trading.
When looking at a weekly chart, be it 1 day, 1 month or one year, the weekly chart will reflect one weeks worth of trading. So a 5 ma on a weekly chart is the average of the last 5 weeks of trading.
When looking at a minute chart, be it 1 day, 2 day or 15 day chart, the minute chart will reflect one minutes worth of trading. So a 5 ma on a minute chart is the average of the last 5 minutes of trading.
I hope that clears it up.
Hey Will, Hope you had a good time. GTE appears to be done so lets find some other plays.
Kik-Dawg...
Your welcome to my site.
nowisthetime...
You wrote..." I'm conflicted with the slowness of the read on weekly when the daily indicates a move back in."
Are you more interested in speed or a "Safe trade"? I'm not busting your chops here, but I thought I would take advantage of your post to prove a point to all.
Everybody here is here to make money in the stock market, initially I figure, most want to make it quick, hell I know I did. But to make a very long story short, I found it was much better to be patient and wait for confirmation before "Getting excited and Jumping in" Until I figured this out, I lost more than I made.
I didn't know there was a weekly chart much less how to interpret it. But once I figured it out, suddenly most of my trades were profitable.
As for cnxt, it had a great week last week, actually too good. Last weeks candle closed well above the 5wma and even closed above the 10 wma, this is a sure sign to me that the move is over for a couple weeks until the 5 wma breaks above the 10 wma. I want to see a cross of 5/10 wmas on a weekly chart before I personally would feel comfortable with an entry point. The daily chart looks good except for the fact that it is over extended which indicates a pullback is on its way.
I think a good entry point COULD be about 1.80, but at that poiint I would need to look at the chart again. CNXT has been in a strong downtrend since June, Trends dont reverse that fast, but they do reverse, I just want better confirmation of the trend reversal before I felt it was a safe trade that will make me money.
>
Mellons, CIEN's weekly chart looks pretty good right now Thpps is trading above the 5 week moving average and the 5wma is pointing up. However I 'm not crazy about how the 10 a 20 wma are looking, they are creating resistance on the 5wma.
If you are in it I would hold and watch closely, itf you are watching it I would watch for another week or so.
Serious1, I appreciate the heads up! But my trading style only rely's on actual open and close prices. AH and premarket, are never what they seem, so I do not factor them into what I know works.
But thanks anyway.
I have to say that I am impressed with the way Gte's share price handled todays pr. I know that every thing says GTE was down 6 cents today compared to yesterdays close, but if you actually look at the opening this am and this afternoons close, than you will see that Gte actually closed unchanged.
IMO, this was a huge plus when it comes to the charts, the early morning panic selling was overcome by people that realized that todays pr was a non event. The overall weekly gain was .07 cents which closed the chart above the 5 week moving average for the first time in forever. I still maintain that if next Fridays close is above this Fridays close, a new trend has been started. Which means GTE has started a new uptrend.
Next weeks trading is critical as to the future Sp of GTE, I for one will be watching closely.
GTE has overcome some very negative news all week, Next week should prove to be very interesting.
Good luck to all.
Lowtrade, Just curious...
Do you see a potential cup and handle formation on a 6 month daily chart?
You know me, allways looking for confirmation!
Lockouse....
Happy Time is over, click link on bottom of this post, or email me my email is in my profile.
LMT's Airship hanger had a fire back in may. No effect on 149 million dollar airship project.
Airship project
If the Airdock's role in the community is about history, though, it's also about the future.
Lockheed's airship project is scheduled to start in 2007, with a flight date in 2009 or 2010, Dunlap said.
Major renovations started in 2003 to prep the building.
The Airdock, which Lockheed Martin leases from the Summit County Port Authority, played a crucial role in enabling the company to get the federal contract to build the giant craft.
The 76-year-old hangar is where the Navy's rigid dirigibles Akron and Macon were built and moored in the early 1930s.
Unlike the dirigibles and blimps of yesteryear and today, Lockheed Martin's high-tech, unmanned airship is designed to stay stationary for months above the weather at an altitude of 60,000 feet and look out for a missile attack against the United States. It will be 400 feet long and 140 feet in diameter, dwarfing the Goodyear blimp (192 feet long, 55 feet in diameter).
http://www.ohio.com/mld/ohio/14617547.htm
My question is, and I do think Huff needs to provide an answer, Why was there nothing performed per the agreement on either side? There must be a reason behind the lack of fulfilment.
This is exactly why I wait for confimation on the weekly chart, who knows what the hell is going to happen now.
At least the halt is already a t-2, and trading should start back up soon.
Followingte....
My trading rules tell me that I should wait until the following week to be absolutely sure that the confirmation fully occures.
However, If by Wednesday of next week, gte is higher than todays close I will start concidering buying back in and ,Charts willing, may jump in a little ahead of time.
I have been know to fudge on my own rules once in a while.
Hey Low... how are ya...
For the 1st time in 8 months I am finally starting to feel like GTE Might have an actual future!
Just might be buying again next week.
Realmoneysc...The points you made are legitimate, However... Have you heard the phrase "Buy the rumors sell the news?" That works for good news, Well that works in reverse also when bad news is projected such as lawsuits and delistings, You still want to "Buy the rumors and sell the news".
With GTE the rumors of lawsuits and delisting have obviously been reflected in the huge drop of pps in the last month and a half. So what I am saying is the delisting possibility and potential law suits have alread been priced into the GTE pps.
I am strictly a chartist, I only trade stocks based on current conditions of a chart. I am not saying right now that the charts are indicating that GTE is starting a new up trend yet. I need confimation from next weeks trading, but what the charts are telling me right now is that the chance of GTE starting a new up trend is more than likely to occure as oppsed to further drops in sp. This tells me that all the bad news has already been absorbed by the sp.
This is also proven by a 10 Q that was very weak, the sp did not drop as much as I thought it would, and throw in a new attack by Motley fool yesterday yet the sp closed up, definately tells me that the "Bad news" is already priced in.
Delisting or not, the current chart tells me that the current 8 month downtrend, has a stong possibility of being reversed. As I stated previously, I need a close next Friday above todays close to confirm that.
When it comes to TA, Patients is not only a virtue, butcan be very profitable.
Finally!! Charts are starting to look good.
The daily chart looks great 5/10/20 wise. As long as nothing weird happens tomorrow that cause the pps to dump, the weekly chart is also shaping up nicely.
If this continued buying pressure continues in lieu of a so so 10Q and another MF attack (Which had no effect on pps today) I am getting excited about the chart patterns(I don't get excited about companies, just their charts).
Next week is the key however, if the pps closes above this weeks close next Friday, then confirmation of the trend change is in place and you can probably expect some good NR's from GTE after that, of course until the trend starts to reverse again, wich will ultimately happen.
For those of you that watch gte, it's time to start watching a lil closer. The daily chart looks great 5/10/20 wise. As long as nothing weird happens tomorrow that cause the pps to dump, the weekly chart is also shaping up nicely.
If this continued buying pressure continues in lieu of a so so 10Q and another MF attack (Which had no effect on pps today) I am getting excited about the chart patterns. Next week is the key however, if the pps closes above this weeks close next Friday, then confirmation of the trend chande is in place and you can probably expect some good NR's from GTE after that, of course until the trend starts to reverse again, wich will ultimately happen.
When you start thinking that Seth has...
multiple aliases on this board, Than maybe he is right about the GTE shareholders being a CULT.
Sooner or later common sense must prevail.
I dare anyone to argue his "Cash burn" article, its hard to argue the facts he presented.
I do whowever see a major change in his writings about GTE. Seth had to look real hard to find negatives in the recent Q to come up with the cash burn concerns (Afterall this is a developement company, cash burn is expected). There were plenty of other items in the Q he could have gone after. In my opinion this is a big leap from his normal style of bashing GTE. But bottom line is EPS went from -.08 per share to -.04 as was stated in his charts. Things are improving, when Seth actually has to do work before he writes articles about a nobody Amex stock, sounds like he is desperatly reaching to continue his bashing methods.
I have a question for Seth (If infact he has an ID here) "What is your buy in target price for GTE?"
All I ask is that the posters on this board, and other boards, don't feed Seth with the ammunition you are to call us a cult. I would rather think of myself as a mature, free thinking investor that does not need to be handheld in order to make proper investment decisions. However Seth is insulting all of us, so please re-think and re-read your post before you continue to give Seth the ammo to insult us.
GTE Weekly Chart...
For those that dont know what a weekly chart is, each candlestick, or line, on the chart represents the opening price of the stock on Monday and the closing price of the stock on Friday. This means that the entire trading for that week is represented in one line on the chart. As opposed to a daily chart, which shows a short term indication of trend, a weekly chart shows a longer stronger trend of the current price direction of GTE or any other stock.
I am a firm believer in trading WITH the trend and not against it. Hopefully this chart will help you understand what a trend actually is.
The other aspect of this chart is to show you what a minimal effect that the daily fluctuations in the opening and closing price in one day effects the overal price trend of a stock If you understand a trend, be it up or down, Than you will also understand that a stock in a downtrend is a sell, a stock in an uptrend is a buy and a stock trading flat, is a watch.
Listening to anybody on a message board, is a sure recipe for disater, so dont listen to me either, just read the chart that I am posting and use your own common sense to agree with me or dismiss me.
I will be more than happy to clarify any questions you have about this chart or post.
>
Wishful Thinking, just want to elaborate a bit on Wills post.
The daily chart is looking a bit weak right now, but the weekly, as long as this weeks candle remains white, looks very good. I agree that this is a watch till Monday, if there is any improvement on the daily chart between now and close on Friday, I will be all over it.
Keep in mind that the weekly chart shows a ton of resistance between $10.00 and $11.00 so that would be a good place to look for a sell. Than if it does break above the $11.00 mark, It would be a time to get back in. But I would fear the dreaded double top that can possible form on the weekly.
As Will said...Nice find and good luck.
Mellons23, SWHC...
Has had one helluvarun for the past year and 7 months.
But right now the way the chart looks on the weekly, it is a watch in my opinion. The chart can go either way, so it will take another week or two to see what the future trend will end up doing.
NXXI...Right now the daily chart looks pretty good, but I would like to see another day or two close above the 20dma, the main reason I am saying that is because the underlying trend is still a bit weak. The underlying trend is the weekly chart. Next week is really critical when it comes to defining a true trend. I would really like to see the weekly close above the 5 week moving average next Friday. If that does happen than you can be pretty sure that it will be a good trade for a while, but untill that is confirmed, unless you are already in in, I would hold off buying until at least Thursday or Friday of next week. If you are already in it, than I would hold but watch carefully. It is very close to forming a bottom, but I have learned to wait for confimation before I would call a real bottom.
Jim are you familiar with the 5/10/20 system that we use here?
Well it's great to have you hear and I'm glad that you enjoy it here. Don't be a stranger and hopefully we can learn from each other.
Most all here are familiar with GTE, but if there are any other stocks you would like to discuss please feel free to post them. There are some good and knowledgeable people on this board. It's also a very small and intimate board and I think it is more valuable that way.
Welcome aboard!
Lowtrade, thanks for your response...
I agree that a delisting will add fuel to the fire for already pending lawsuits, that will be a tough one to overcome. All your other bad points however can be debated.
I'm not trying to be an a-hole, just voicing a different view on what I think is an alternative secenario. This is going to end up being a very long post! LOL
I will comment on each of your "Bad" comments. Please don't take this as I am just a pumper trying to bash you. I am simply just giving you my thoughts, be they right or wrong.
#1: "Bad because of black mark for future moves to larger exchange"
My response: At this point and time,what larger exchange do you honestly feel GTE could move to? The Nasdaq and Dow have requirements that are well above what GTE has ever had in order to be listed on them. When was the last time you ever heard of the Amex exchange ever talked about by the cable networks or weekend business shows? What I am trying to say is that the AMEX is NOT a major exchange, for the most part it is ignored by Wall Street and any main stream analist. In other words the Amex is barely a step above the otc-bb, but it has more rules. Ultimately my point is, the only two exchanges that really matter, Nasdaq and Dow could care less whether or not a particular company came from the Amex or not. They just want to make sure that a company that is applying to be traded on their exchange meets their requirements, regardless of previous behaviour (SIRI is a perfect example). So I really don't see where being delisted from AMEX is a negative. If future growth of GTE meets the required paramaters that are required by the Dow or Nasdaq than GTE will be accepted based on their requirements. Honestly IMO, thats a long way away.
#2:"Bad because some institutional may have to leave"
My Response: The damage is already done, 6 mill plus shares traded Wednesday once trading restarted, any Institutions that were going to bail, already did.
#3: "Bad because you can't see a short play size"
My Response: Ok... You got me on that, But I will also add that I think there will be less pressure to short than on the Amex. Did you ever hear of Seth Jayson before we went to the so called "Big Exchange" IE; AMEX? At least when GTE was on the BB's prior to Amex the sp went up.
#3 "Bad because pipeline contracts may not be closed with what is though of as a failing company"
That makes sense as long as the company that is in a potential contract is watching GTE's sp on a daily basis. From experience,if one company thinks another company can help them make money, Share Price really does'nt come up in any of the negotiations as long as a signed contract is the end result. IMO..A delisting does not automatical make a failing company, unless the reason for delisting is caused by missed or unreported earnings.
OK if I try to continue to debate this point by point, I might not go to bed till tomorrow afternoon. So a quick synopsis is in order. So here it is.
Even if GTE gets delisted, I feel the delisting has already been priced in to the SP. As long as Mr. Huff has not outright lied to us, this company still has potential beyond most. Yes I'm a bagholder now and have no choice but to hold, but I would rather be a bagholder in a company that has the potential that GTE does, than one that does'nt. If the strat actually flies, than the world will change as we know, when it comes to telcom, ect.
Life is no fun without risk, so GTE is my risk at this time, and to answer your usual question, Yes GTE is Fun!!!
Forgive me for any Typo's , it is late!
Time to go back to sleep....
And continue that dream, I dont see a rush of 5-8" 120# blonds rushing your way!
Sweet dreams.
You woke up???
Hey Lowtrade,
Been reading your latest post in regards to GTE. I'm not a very smart guy, so can you tell me, If GTE ends up on the OTC-BB as opposed to the Amex, is that good or bad?
Seems like there are a lot of smart people on this board.
I'm just curious, can you guys fill me on what your strategies are for picking winning stocks? I really need some help!
Thanks in advance.
Villas, I'm Human Too!!! lol eom
Damn I've been humbled...I just re-read my post to Will #1764.
That was supposed to be "ALLOWED" not "A LOUD", I will now put my head under the pillow and go to sleep in shame! Damn I hate embarrasing myself like that! If I could kick myself in the ass I surely would, but my legs just aren't that long! The worst part is...I have no excuse for such a blatent mistake.
Can you say "Brain Fart"?
Hey Frank,
This is purely a thought on my part, this is your board so if you don't agree please delete this post.
I'm curious about two items that could be surveys on this board if you would like to set them up, word them however you would like if this is of interest to you. But the basic premises are as follows:
Question #1: Do you think that GTE can convince Amex to overturn the forthcomming delisting during the appeal process?
Yes or No
Question#2: If GTE does infact get delisted, will this be a positive or negative event for GTE?
Yes or NO
I am only asking these question since there has been so much debate here about both questions. This will give an opportunity for those that dont normally post to express their opinions.
OT...This is completely off topic, but I'm just curious. Other than me is any one else here a Star Gate fan?
Hey Jim,
I have read many of your post at GTE iHub..Had no clue you followed this board! I'll take that as a compliment!
Will I am literally laughing out loud right now!
NO MORE LOVE AFFAIRS A LOUD!!!
Back at ya on the laugh thing!
I think it's gettin time to do that Friday Night ritual!
I'll be back in a couple hours.