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Villas, you are absolutely right! Plus you have to keep in mind also that most of us were already in GTE before this board was posted. So grandfathering GTE in is OK, lets just hope that between the lessons learned from GTE and the teachings of this board will help to prevent anyone else from getting emotionally involved with any other company from here on out.
Will, Not sure of your reasoning behind removing this post, If you would like go ahead and take it back off.
But I thought it was a great post. It shows just how hard it is to overcome emotional trading and why 5/10/20 is the best means to overcome the emotions.
Vern...I think you've got me confused with someone else!
Please take note of that, I have nothing but the utmost respect for your involvement with GTE.
Like I said last night...Good Ridance Amex!
Last nights post:
http://www.investorshub.com/boards/read_msg.asp?message_id=12101539
Call me silly as I am sure some of you will, but I see this as a positive, granted the next 2-3 days are going to be painfull to the pps, but after that, once rationality comes back to most and emotions are overwith I think GTE will finally start the move that should be forthcomming.
Amex has done nothing but hamper GTE's potential, I think it is obviouse that since GTE has been on the Amex that management has felt handcuffed. Tim's biggest mistake so far was a rush to get on the amex, as I said before the amex is really nothing special, it's a glorified otcbb exchange. After all can any of you tell me what the Amex average is? And what cable network ever mentions the Amex?
As long as GTE's management has not outright lied to all of us, which personally I don't think they have, Than nothing about the company itself has changed. Centerline is still profitable and the other spokes of the hub are real close to making this a company that will gain respect. I have met Tim and Bob Jones, they may not be the greatest businessmen in the world but they have the heart and desire to make the dreams of GTE come to fruition. A guy like Dumas is the one that has the business sense to bring the dreams of Huff and Jones to reality.
With Amex out of the way, I think this dream will have a much greater and more rapid means of comming true.
The only thing I am unsure of at this point is, with GTE appealing the Amex delisting will further trading be on the amex or somewhere else? Another thought, If Amex did not respond to GTE's written answers, than maybe they gave gte time to apply to thebb, if they go to the pinks than disregard this post!
Thanks Robin, I was wondering when someone would pick up on that lil detail!
JustFrank...Businesswire link!
http://biz.yahoo.com/bw/060719/20060719006039.html?.v=1
Thank god it was only a delisting! eom
Just my opinion on GTE,
Two days worth of halt is NOT good, I just hope we get a chance to sell shares. If anybody is familiar with RCO, those poor bastards never got a chance, whole investment's gone. The boards sounded exactly the same as they do hear after 3 days of halt, all this speculation of great news comming, than all of a sudden the handcuffs clicked closed on the CEO for taking a bribe.
If this was about good news, it would definately not be taking this long.
I just hope we don't hear the sound of handcuffs clicking closed.
What has AMEX done for GTE?
They have halted our trading twice for reasons beyond me.
Did anyone hear of Seth Jayson prior to AMEX listing? Seems to me that he is being spoon fed by someone for some unknown reason.
Has the PPS increased since GTE joined the AMEX?
What happened to all that huge institutional investing that was supposed to happen when GTE hit the AMEX?
What really sucks is most of us had to give up a bunch of shares in order to please AMEX.
At least when GTE was a BB, The PPS went up!
IMO, Amex is nothing more than a glorified BB exchange.
Next time GTE wants to upgrade exchanges they need to go straight to Nasdaq and screw the AMEX.
IMO, Good riddance AMEX!
For the GTE'rs here:
I wish I had some good news , but I don't it just keeps gettin uglier and uglier. Need some good news on something other than the strat.
Pilgrim,
Your use of bandwidth here is more than welcome, Hell I didnt even know we used bandwidth here!!! LOL I always thought we just posted!
Hey Will, Just trying to catch up on some post here.
The weekly moving average is calculated exactly as you thought, the closing pps for the last 5 weeks.
I just ran the same formula you posted and came out with $33.644 I think you simply missed a number than divided by 5.
Hey Pilgrim and Will,
Just wanted to say Thanks to both of you for your participation on this board, I will try to show up more often.
Wishful Thinking, Watson Wyatt (WW) had a great run, but at this point in time the run is done.
Your post is a perfect example why fundamentals get people in trouble, the fundamentals may look great and may be great, but at this point WW is starting an ugly downtrend, which tells me alot of people don't agree that the fundamentals are so good.
Just a glance at this weekly chart will show what I mean.
Please don't forget the value of a weekly chart.
ESYN....This is only a PROPOSAL, 6 other companies are bidding the same job. A contract has not been awarded yet, hence no material news. Patience.
TIII...Bounced right off of the 5dma today and closed higher than the last previous highs close. that is a good sign for continued upward movement. That does not mean this is a buy reccomendation by any means, what it is saying is "If you are already in this position than hold a bit longer" If you are not in this position, well it's time to find one that is in an uptrend.
The majority of bagholders are created by large dollar signs blocking their vision of reallity, all they see is a quick run up and hope for more. That is the most disastrous way to play this game called the stock market.
Hey Mide,
I see we are relative neighbors, I live in Hollywood, if you would ever want to get togather to discuss gte I'm only an email away. It would be nice to meet a fellow GTE'er face to face. Or a chat on the phone is just as good.
Hey JustFrank...
Just wanted to say I think you've managed this board very well, Keep up the good work. I very seldom post as you know, but I read every post.
Cudo's
PS...It would not bother me at all if you deleted every one of Pitbulls post, useless waste of good cyber space if you ask me.
Ohh dernit this is the TA board... OK... On the daily chart the pps closed above the 20dma today, a great sign, BUT until the pps closes above the 20 dma for a minimum of 3 days...I would'nt get too excited. Confirmation is a must...not just a one day aborition. Trends don't change on one days worth of trading.
If it makes you feel any better, I'm still learning too!
The person that thinks they know it all, is probably a bagholder.
I'm not here very often, just in a chatty mood tonight. But please feel very comfortable with anything Wilsimon tells you, he's got great common sense, probably better then mine. After all common sense is what its all about.
We are here to make money, thats the bottom line.
Stock Observer,
Good news! VIV closed above the 20 dma on a daily chart today!
Bad news! It usually takes more than one break of the 20dma to start to turn the trend up!
What I am trying to say is, It looks like VIV is trying to form a bottom, but I want to see it close above the 20 dma for at least 3 days straight to confirm a trend change. The 20 dma needs to start flattening out as opposed to pointing down like it is now before I would feel comfortable with a safe trade. Patience can be profitable.
DAMMIT Pilgrim....
You had to go and post that "Deal or No Deal" Link Did'nt you....Now I won't get any sleep tonight!!!LOLOLOL.
BTW..The 6 month works great on the 620 time frame, but it's just as easy to change the 3 month to 620!
Nice to see you too!
Hey Pilgrim!
TLG is looking like a nice lil trade right now that still might have some legs, Its one I will watch closely. However I am a bit concerned about the average low volume it trades.
I'm not sure what size chart you are using on your 3 month charts, but you might want to consider looking at a 620 size instead. A bigger size on short term charts tends to flatten the chart out making it a little more difficult to see a trend.
This is what I use for a three month chart with the size at 620.
Will,
Just wanted to say thanks for your participation here, I really do appreaciate it.
Stock Observer,
You've come across a very interesting stock here. I did some quick DD on it, the curious thing is I am not sure why it has had this rather significant runup this past week, if you can explain it I would love to hear your thoughts.
Willsimon is right on with his analysis that a pullback is in order short term, I completely agree with his assesment. The main question right now is, is how long is this pullback going to last? The weekly chart is also over extended a bit, which helps to verify the short term pullback, however the monthly chart appears to be starting a new upward trend.
This company seems to still be in the developement stages, and it's drop from $9.00 to .12 cents is a bit concerning, but they do seem like they are headed in the right direction. A break above $4.00 long term would make me feel alot better.
Lets see how the next couple weeks go trading wise, than we should know if this pull back is just a pullback or a true trend reversal.
Again, Nice find! See chart below for more details.
Shopgirl, you brought up an "Engulfing Candle", thats something I don't think we have talked much about here, but it is an extremely important part of trend trading. I have my thoughts on them, but I would love to hear how you interpret engulfing candles first. Thanks for bringing this topic up, its one I have been wanting to get to but just haven't.
Hey everyone, Just wanted to throw out a couple thoughts.
The market as a whole has turned into a downward trend, noted by the break of the 20 week moving average for the Dow Jone ($INDU) on a 2 year weekly chart. Due to the fact that this weeks candle on for the dow closed significantly lower than the 5 wma tends to make me believe that next week could be a flat to slightly up week for the dow. However, the overall trend can easilly be down for a while, unless Bernanke decides to stop raising the interest rate, which in my opinion seems unlikely, the downward trend will continue.
So now we need to put a different light on our trading strategies. Every day the declining issues have been outpacing the increasing issues, in short this means that it is harder to find quality stocks that are in an uptrend, not imposible, just harder. So as I always have said, trade the trend, which now means we need to look for stocks that are in a down trend, which means we need to look for stocks that are good short potentials. Most of these stocks are going to be a little higher in value and that actually trade the same direction the market does. I think this is a good opportunity to practice short selling by paper trading them.
The 5/10/20 still works, just opposite of what we are used to. So take this dowturn in the stock market as an opportunity to learn the ins and outs of selling short.
I must say that even though I don't participate as much on this board, I am proud to be a member of it. The post here are intelligent and honest, and the participation of all here is what makes this board a special one in my opinion. I have to say that the intelligence level on this board is much higher than any other board I have read, and that is all because of the people that participate here. I just wanted to say thank you to all, and please keep up the great work. This board was and still is intended to help each other out, there are no egos here, just help.
Shopgirl...I'm just curious, why does HMSY look so good to you. Please explain.
Dont worry so much about daytrading, 5/10/20 works even better on longer term trades. Try looking at a weekly chart, that will really show you the advantage of 5/10/20.
Hey Shopgirl...yep thats the idea.
But first of all you MUST have a live feed, minute charts do not work on a 15 or 20 min delay.
Once the 5 crosses below the 10 on a minute chart that is your signal to get out on an uptrend. Opposite as a buy signal on a downtrend.
Ohio....
Your'e smarter than the average bear..Hee Hee. ;-p
LOL...Will One day Two day...really doesnt matter, as long as you dont go any longer than that, it flattens the chart out too much. Anyway thanks for accepting the responsibility, I'm leaving this board in good hands...Right now I have some time, and feel a bit chatty, so I might be here a while tonight...BTW youve got mail.
Hey Shopgirl, Welcome....
When daytrading, I use the 5/10/20 on a 1 day 5 min chart. But the stock needs to have good volume and a bid/ask that is constantly moving. Otherwise you get a flat chart which is very hard to interpret. Hope that helps.
Ohio...I need to make something clear....
The system that has been taught here is not meant nor will it ever be meant for sub penny stocks. Sub pennies are a pure gamble...charts and my system do not apply to them. Sub pennies are usually so diluted that there is no way in hell that TA can apply to them. I'm not saying don't play them, hell I like to gamble too, but I will ask that you do not try to apply the system that has been taught here to a purely speculative diluted stock. Why do you think they are worth less than a penny? because thats all they are worth.
Just for grins....
SIMC chart right now is estremely over extended, a pull back is very likly. You never take a loss when taking profits!
Hey Everyone, Just wanted to let you know that I am not going to take this board down, I tried but just couldn't find the heart to do it. I will poke my head in once in a while for general conversation.
Wilsimon has been a big part of this board, he doesn't know this yet but I am going to make him a monitor and let him handle the board until the time comes. Will, I hope you will accept this. Whether you like it or not though you are now a monitor!! And yes landline sounds great.
Good Luck too All
To All: The time has come for me to eliminate this board, this is strictly a business decision on my part. I have come to know alot of you here, and with all my heart, appreciate your participation here. This has been a relatively small and intimate board, so it is very hard for me to do this, but I must. Relationships have been developed here and I do not want those to end. I would love to stay in contact with all of you through email or voice mail.
My email is gbsint@bellsouth.net please if you want to continue our conversations I will be more than happy to. I will ask Ihub on Tuesday to delete this board.
Please understand this is something that I must do, It's not because I want to. I will continue to be at Ihub and will post once in a while at the GTE TA board.
Good Luck to all and I hope that this board has helped to make all of you a better stock trader.
I will miss this forum.
Bob
Lowtrade, just curiuos...
What type of company do you think would buy out GTE, A telcom such as Verizon or a defense contractor such as Lockheed?
Which aspect of GTE do you think is more valuable?
Will I couldnt agree more when it comes to GTE...
I trade all other stocks based strictly on the charts, I'm in, I'm out, I move on. But with GTE, I for some reason just can't let go. It does seem to have a narcotic effect on me, and when under the influence of drugs, that can lead to crappy decisions. Ohh Well.
I am still proud to call you my first graduate, I just hope what I have posted here has helped you become a person that knows how to "Get in Earlier and get out Smarter". Yes I still remember that quote and appreciate it. Thanks.
The more I think about it, The more I think thats a great title.
Nilremerlin, Cudos to you...
I must say I did not like your original post about numbers and what they mean to a stocks share price. But as of late you have posted nothing but real Due Dilligence, and it has been very informative at that. Now I look forward to reading your post, Thank You for your hard work and dedication. Please keep up the good work.
Whoops I didn't mention TA in this post, GTE TA wize has a potential to go up due to increased cmf, see my previous post for more info.
GTE Chart........
For those that don't know me I am a pure TA guy, I make all my trades based on the chart of the company I am following. There is only one company that has me emotionally involved, that would be GTE, I have followed it for a couple years strictly due to the world changing potential that is GTE. But I am still a TA guy even with GTE, I only post when I think that there is a real potential for GTE to go up.
Right now this chart you will see is strictly my interpretation of the chart, I am not pumping by any means I am just pointing out the posibilities that could happen if a few things happen with the chart. The support levels on this chart are critical to the short term future of the pps, if the support levels break down, well stuff happens. I personally think the past few days of trading is trying to form the right shoulder of a "Inverted Head and Shoulder" formation. This type of trading is necessay in order to start an upward turn of the 20dma. Until the 20dma turns up than a downward trend of pps will continue.
I am not one that believes in manipulation, The trend is the trend, and until the company proves that it is worthy of buying, than the trend will not change. I know that the writing on the chart is small, but it is important. This is the way I interpret charts.