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Thanks for all the encouragement, as it seems some here value the bull I rant about, I thought I'd post my thoughts about trading in general, OTC:BB, and going to the computer as a job. I posted this info on RB back in May 2004 to a guy just starting out.
Don't want anyone to think, I think, I know more than any other trader, but I can remember when I decided to stop working and trade for a living. The few lines below, took me months and months to grasp on my own. Hope this post may help someone.
---------------------------------------------------------
IMO
I only use TA to find a growth stock, OUT OF THE PENNY STOCK AREA, then spend alot of time with DD research on financials, companies sector, business potencial, and management, before using TA to determin a buy in price and exit price...
Penny stocks are a completely different game, because they are mostly opperating with no profits or cash. Thus, day traders, MM's and company management errors can cause a huge change in PPs (% gain and loss) and render short term TA pattern useless...
Penny stocks are more about your belief in the companys business plan and the management potencial to execute the plan... IMO they are a gamble, not investment ! TA is good for investing..
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Full time trading ( working for a living)
Take the money you have to lose, divide that by 4 and invest 3/4th and gamble 1/4th.
Say you have $10,000,
On ave you will see a:
10% swing $.10 to $1.00 stocks
5% swing $1.00 to $5.00 stocks
2.5% swing $5.00 to $10.00 stocks
2.5% to 1% swing on stocks above $10.00
Using the above you can figure how much you can expect to gain/lose placing your money in the different ranges.
EX: You put $2500 (1/4)in a $.10 stock and on average you can expect to see $250 +/- with an ave 10% swing.
EX: You put $7500 (3/4)in 3, $5.00 to $10.00 stocks you would see $62.00 ea. or $188 +/- with an ave swing of 2.5%
Now say you want to earn $500 a week. Thats only 5% of your $10,000 and can be reached safely,in the $5.00 to $10.00 range, Hitting 1 to 2.5% on 3 stocks 2 or 3 times per week. With good research, do your DD !! One stock rise protects you from other losses. It's slower but safer, if you can't hit 5% on 3 stock picks (ON PAPER)in the $5.00 to $10.00 range, each week, start using your money, don't play until you can.
Think of the 1/4 or $2,500 you use in the penny stock area as cream or toilet water....
At any rate hope this gives you some ideas !!!
PS: Pick a plan, test it on paper trading and STICK to it !!!! only buy when the stock hits your buy target and always sell when it hits you sell target... Don't EVER chase a running stock.
laptoptrader
Accumulation/Distribution
Chaikin Oscillator
On-Balance Volume - OBV
Are all momentum indicators, Aroon varies because it uses time not volume. But all basicaly looking for the same thing. Chaikin is probably the most popular but On bal vol gives a cool chart. Aroon I never use, because if I want tic by tic I watch level II and instint takes over. Red - Green - Red - Green - click -, you know.
Learn them all, I don't play momentum, so I am not the best to praise one over the other.
ShakeyGuy
I'd say you should stay arround this board and try to learn something about trading stocks, with my fingers away from the keyboard.(noticed no one on gtel main board will fall for your chit) If your for real and not the basher you seem to be, I'd learn to read 1st. Your margins are not what was reported. 2nd I'd try not to buy an stock because it was running and get caught at .35, as your profile shows Feb 11th gtels high day. If your for real you choose the correct name, hold you'll make money at .35, event if you don't know what your doing yet. Stop wining, start learning. LUCK
From Q4 summary -----------------------------------------
Gross Margin (Loss). Our gross margin (loss) was ($191,201) or (0.66%) for fiscal 2004, compared to $2,511,067 or 22.12% of total revenues in fiscal 2003, a decrease of $2,702,268 or (107.6%).
'kermit_405'
Aronn osc are normally used for short term trending. Some daytraders use them to predict a trend reversal. Kind of like watching the tics on the daily level II,with a clock in your head. Could you notice the time it took for the tics up to occurr more frequently, then the tic down? As I see it, Aroon shows tics up at a more frequent rate, signals increased buying pressure. The more tics the more pressure. The reverse for down.
--------------------------------------------------------
Aroon is used to measure the presence and strength of trends. Aroon can be drawn either as two lines, the AroonUp and AroonDown, or an Aroon Oscillator representing the difference between the AroonUp and the AroonDown lines. The Aroon Oscillator oscillates between -100 and +100.
AroonUp for a given time period is calculated by determining how much time (on a percentage basis) elapsed between the start of the time period and the point at which the highest closing price during that time period occurred. AroonUp will be 100 when the instrument is setting new highs for the period. Conversely, AroonUp will be 0 if the instrument has continually dropped throughout the period. AroonDown is calculated in a similar manner, expect looking for lows as opposed to highs.
The Aroon Oscillator signals an upward trend is underway when it is above zero and a downward trend is underway when it falls below zero. The farther away the oscillator is from the zero line, the stronger the trend.
I find the Q4 very positive, mainly because goals continue to be reached. Core business continues to perform as expected, with non carrier traffic rev's starting last year, new funding continue to come in, balance sheet shaping up for profits Q2 2005,staff increasing to handle success, and also noticed many more disclosers/details then past filing. IMO this shows management is preparing to have a fully functional business model for the move to American Exchange and the company is becoming closer to success every quarter.
If all your looking for is numbers, IMO they are inline for this stage of development. Remember this report is for last year and much of the expected financial improvements are for Q1 & Q2 2005. Gtel continues to show improvements quarter after quarter. Expenses are increasing, as one should expect, yet losses get smaller. Remember one more thing, when Gtel starts showing profits they have $27+ million of losses before they have to start paying taxes.
I'm having trouble understanding why, the PPs has not climbed on this news!!! At any rate, alls good at Gtel and long is the place to be!
I bought some more today.
Success to all!
fashionman
Try this link:
http://www.investopedia.com/articles/technical/082701.asp
Chart PS:
If you look at the tan area at the bottom, I speak of EOD swap fest. During this period over 1/2 of the daily volume took place the last hour of trading, in large 500k to 1 million block trades. So what was a 2 million shares traded looked like 4 million traded, to daytrader who only looked for volume and spread to jump in. Some of these trades wer MMs setteling their books from earlyer buys at bid to stop a surge, they sold the shares back to the MM they bought them from, before the day ended.
IMO this was an out right MM play to draw interest back to Gtel after MONTHS of a slow steady walk down, that took MMs so long, that average daily volumes were under 2 million share a day.At this time good news PRs only generated 1 cent runs which in themselves would not create daytrader interest. Thus EOD MMs would swap 1 million share block at .001 or .002 spread difference. ( if you saw a 1 mil buy trade at .072 a little while later you would see a trade for 1 mill at .071)
Other tricks, to stop ramps were trades stopping for 10 minutes to 1/2 hour on a surge in buying pressure, with large block sells at the bid after. It was amazing how out right obvious the MMs worked. You would see 7 or 8 green trades 10,20, 30k in a row, then a 500 share trade at the bid, followed by another 500 share trade and bang trading stopped!
Sorry if this bothers other posters! I'll try to stay off this subject in the future.
willian2112
if you please, i would like to see more charts(gtel),if available, of said discussion of mm's, pennys, and said manipulation in form of patterns
Here is an old rant mid OCT 2004 to week 1 Jan 2005. It's very complex and probably hard to understand unless you had an understanding of PPs movement prior to Oct 2004.
Basically my point was Gtel had several large runs and many 2 cent swings until mid Oct 2004. At that point Gtel released some of the strongest PRs ever and the runs which took place were stopped dead. Smaller then previous runs on weaker news.
I felt MMs were aware of REG Sho and so short they could not allow any runs because the needed to accumulate much larger holdings at low prices to cover when SHO took effect.
I tried to list news releases, and expected PPs runs, while explaining my "MMA" on what I'd do if I were and MM in this position.
Recommend printing out, because study may take some time to see my jumbled points.
At any rate you asked, so here is the last eval chart I have saved!
SEBASS
Cool I'm corrected Billion not trillion.
Also if your OK with a company with $6.7 million in assets, reported for Q3, to have a $3.7 billion market cap, fine. IMO most of the stockmarket world's investors would have a problem justifying such numbers.
As for comparing GE or SIRI share price or OS history to Gtel, my girl friend looks like Selma Hayak ( spelling?) but I'm not picking her up at a mansion. Thus my investment in our relationship will NOT produce the same results, as if I were dating a woman that has reached a level of success!
We disagree, next subject.
SEBASS
the pps to be somewhere at $4-5 If commercial strat is launched then somewhere in $5-10. IMO. I know that market cap would be medium high but there is more copanies trading on nasdaq like that then not.
1. $4 pershare would create a market cap of $3,776,000,000 Thats trillion with +/- 944 mill OS. PS; Gtel will still be on the OTC:BB not the Naz!
2. Remember the NAZ trades arround 30 time EPS, highest of all exchanges and GTEL would be trading on the OTC:BB at 4000 time EPS at $4, IF THE HAD a EPS of .01, which they don't yet!
I'm high, your in heaven! Love to see it though.
stratncash It just looks to me like we are basing lower and lower with no end in sight
Basing
A period in which a stock price has very little or no trend. The resulting price pattern is a flat line.
Not trying to knock you, but I've noticed many using the term wrong. Basically the term basing or a stock finding a base is when the PPs stops climbing or falling and maintains a constant PPs value, before the next trend starts.
This means momentum swings have stopped and investors are happy with the value of the share price. During this time investors who think the stock will rise again, accumulate share from investors that think the stock price will fall and the daily volume tend to base at or near the short term moving average.
If you apply this to Gtels action lately, you'll notice the EOD value has lowered, while the daily spread between the highs and lows has caused volumes to increase. So Gtel has found NO base ! But a steady walk down, with daytraders interest continuing.
Date ---Open --High --Low Close Volume ----Change -Change %
03/30/05 0.250 0.253 0.237 0.250 13,170,000 0.001 -0.400%
03/29/05 0.250 0.270 0.235 0.251 12,127,600 0.003 -1.181%
03/28/05 0.275 0.276 0.254 0.254 10,709,900 0.021 -7.636%
fashionman macd question
There are 3 common methods to interpret the MACD:
1. Crossovers - When the MACD falls below the signal line it is a signal to sell. Vice versa when the MACD rises above the signal line.
2. Divergence - When the security diverges from the MACD it signals the end of the current trend.
3. Overbought/Oversold - When the MACD rises dramatically (shorter moving average pulling away from longer term moving average) it is a signal the security is overbought and will soon return to normal levels.
OT:william2112
Strange how I mention B bands and you say how you use them. To be honest, after thinking about it, you have a point. B bands tend to have a longer term overall benifit, evaluating performance, and since I feel my shorter term looking won't work for Gtel, maybe I should start watching B Bands more, as I am now a long on Gtel.
Thanks I'll start watching B Bands more. Just goes to show other readers how 2 different opinions can be correct and wrong on the same stock at the same time. Neither your view or mine is right or wrong, just an opinion on what works for us.
This is the point I was trying to make in my last post. The only fact about trading is the more you know, and the more tools you use, the better CHANCE you have to reach your goals.
If anyone person had all the answers, he would never have a loss, imagin that!
PS: As for my calls, just thought I'd hang my -alls out there. Hope your volume hammer doesn't hit them. LOL
OT:techBear
Understand.General TA OK,just not about another company,agree. Thanks.
Love to post my opinions about What works for me, all should remember, styles of trading vary and what TA works for one company may not hold up well in all cases. Most of the info I will be talking about will not be long term, large cap stocks. In my case a long position normally ranges 6 mo to a year. Not 1 to 4 years. I'm not rich and can't wait.
Don't want to retire, just pay the bills. So I tend to use shorter term indicators and will discuss what I feel I have had the best results with. Example B bands; many use them for everything, I feel there are many entry/exit points missed short term when using them and I rarely do. I'll look at them to see how I stand, as I look at most all indicators from time to time, weather I use them daily/weekly or not.
The more you use all the tools available to you, the easier it is to complete the job successfully. Special tools for individual tasks, just like building a house or repairing a car, makes the final result happen quicker and be done more efficiently.
Once again I recommend dropping by Barcharts, at the performance area, to choose what works best for the individual stock you have interest in, given your individual time frame. It's been very helpful to me.
When I started trading, I would have thought I died and went to heaven, if I found the info this board has already discussed, in one place.
Thank Rocky and yourself for the little gold mine of experience and educational discussions, that will cut ones learning curve in half. All in one place.
william2112
IMO pennyland is under a dollar, but can use otc:bb interchangeable.
Better yet M&M land, would be the most fitting.
I dought I'll be posting much here in the future as techbear (in post #235) requested the board stick to GTEL TA only and I've just about said all there is to GTEL and TA. Don't relate !, after over a year I've not been able to find one time the PPs went where the TA showed movement.
I as a trader feel one should have at least 4 or more stocks in their portfolio with one OTC:BB included. For non OTC:BB stocks I use TA for entry/exit points, after complete DD being used to choose that stock.
In Otc:bb land I swing PPs spread patterns/momentum plays (channeling), and have never gone long, until Gtel. To go long on a penny you have to BELIEVE !!! Believe in management, the business plan and the fact that goals have been reached in the companies history.
I think I've made my Gtel TA point with the AUG & recent chart evals, The PPs doesn't go where the indicators predict.
Maybe one should invent a new form of analysis for these stocks called MMA, Market Maker Analysis. Where one can justify PPs moves on where M&Ms can reach their goals, not where PPs has been.
My MMA call on Gtel right now, would be, the PPs will continue to walk down, until the next strong PR. Expect the ADV (average daily volume) to stay between 5 to 15 mill a day and PPs to lower 1 to 3% per day, until the next run, 3 to 5% if Gtel files for an extension tomorrow. Run may produce 15% as of today.
If the next news is weak or bad, expect PPs to tighten and volumes to lower, after the mini down tic 10%. This will strengthen MMs positions, by chasing daytraders,swingtraders and newbees away, allowing M&Ms more time to strengthen.
Other wise the breakout can produce 15 to 30% depending on the strength of news.
Success to all. I expect .35 after Q4 2004, .45 after successful strat test, .55 after GTEL has an EPS, $1 after exchange move and over $2 when 1st commercial strat is up. If things happen positively, in this order. IMO if Gtel moves to a new exchange before profits, expect wild moves, all bets off, because momentum will fling PPs wildly with a company on the American exchange without profits. The core business has to be in order to justify $1.IMO
Chart PPS:
If you notice at each point the chart pattern says BREAKOUT, a gray reverse accending (bull) triangle is formed, (This reverse triangle does not exist in normal exchange charting) I find it frequently in pennyland.
It shows steady volumes and lower lows and caped highs at the same time. Dought you'll ever see this pattern in an unmanipulated stock. But it does show, maintained interest, with PPs never trading higher for days. Great for MM accumulation before the next run!
Chart PS:
If you say, why would an MM stop a negative breakout, (they could get alot more share, lower faster), Look at the volume.
Way to low for MMs to get enough fees. They did their job to well and if they allowed the fall to continue, they the volume would eventually get lower, because swing traders & daytraders would leave and longs would continue to hold!
Steady is what they need on the way down!
techBear
What I do know is the move up is always on heavier volume.
Not only is there trader buying pressure but MM dumping pressure on the move up.
Runs up are normally due to some good company news, creating demand, which causes momentium, and an oppertunity for the MM to unload the share they have accumulated from weak hands at lower PPs during the steady walkdown.
The hard part is when the momentium is so strong the MMs can't stop the run before they start naked shorting, with no inventory. If this happens, you'll see a quicker retrace than normal. Got to buy back in as fast and low as possible. Why Penny stocks don't act like other exchanges. Breakouts don't create 20, 30, 50% runs because brokers sell from the exchange not their inventory. (usually)
SEBASS
As I see it, MMs acumulate during PPs walk down and sell for higher profit margins when PPs runs up.
They maintain an inventory, if they can slowly walk PPs down, buying some each day, they average down their holdings. Thus when something good happens to the company, which creates demand,and the PPs shoots up so fast they lose control of momentium, the increased profits between their buy price and their sell price, helps their bottom line after the run.
Lets say MM X holds 500k @ .10 and during a slow volume period the PPs goes down to .08. At the end they bought another 500k at prices from .10 to .08 and their new inventory is now 1 mil at .09.
Now the stock runs to .20, they sell 1 mil on the way up, which they own at .09. The inventory profit now incresed by 1 cent per share sold. Plus they still make a precentage fee on each share they moved. Increased profits, increased fees.
As you can see, it is in the MMs best interest to maintain a steady volume, while things are quite, so they can accumulate lower, while maintaining fees that keep their business in the green. This is all good business. The bad part is the tricks they use to get what they want.
william2112
To my knowledge Cups & handels are a long term indicator, taking weeks or up to 65 days to form. Chart pattern are not normally applied to daily charts.
Guys if you remember my last posts stated IMO TA doesn't work for GTEL. While MACD, Scholastics, MDI, and so on seemed to be setting up for a move, we should watch to see if MMs still have control before we know if GTEL has in fact created a new base.
Well it seems we have not and MMs are at their old thing. Changing the direction of a stocks PPs to suit themselves.
I decided to do another eval of chart patterns, a TA form I feel more accurate then standard TA indicators, because standard signals listed in Paragrah 1, are after the fact indicators and IMO patterns indicate breakouts better.
That said and also adding, I'm not an expert, (one who can teach) but a user (one who thinks he understands). Here is what I feel continues to occur with Gtels PPs. MMs have control.
They stop breakouts, buy stoping falls and runs at low volume times and control investor interest, with interday volume, plunges and ramps, so they can make money when they are so good at it, volume gets to low.
IMO most stocks (NOT PENNIES) would not through out the indicators on the following chart, like has happened on Gtel's chart. Most of the time the PPs would hit close to the green dot projected by the chart pattern.
Shareholders meeting questions and answers!
E-mail from, mailman 8/26/2004
Chuck Q&A's from shareholders meeting.
1) The 8K..recently filed states no preferred stock of
class
B,C or D has been issued...yet in the 1st qtr filing
it shows 1000 shares of class B given to Caterhamm for
$15M in funding on April 27th, i am guessing the
agreement with them was written to supply the preferred
after the 8k was filed.
Response- Read all the 8K's, yes they were issued to
Caterham
2) Everything that i read now indicates that we are
simply buying time from other companies and are
therefore a re-seller. Is this the case?
Response-We have termination partners throughout the
world that buy and sells throughout the U.S. .
3)I wondered once Sanswire has some ships operational
who they plan on targeting?
Response- Sanswire will have multiple targets.
4) GTEL has substantial monies and shares invested in
CGI and is 71% owner, could you give us shareholders a
"direction" management has and if getting CGI trading
is a priority so assets can be booked?
Response- We are continuing the efforts to utilize this
asset.
5) In regard to Mr Tooley is he still working for the
company?
Response- Our relationship has been terminated as
things didn't work out.
6) What
happened to the Euopean and China operations,
which according to a PR were supposed to surpass the
revenues of Mexico and South
America?
Response- All operations are still going on.
7) I would like for someone to explain why we get pr's
with 60Million in revs etc and nothing of substance to
back it up?
Response- $60M is for end of year.
8) Stratellite has it already been constructed?
Response- Jan 2005.
9) Any info on when switches will be completed?
Response- The switch in Miami will be the end of the
year, the one in Venezuela is working.
10) Did GTEL get the $10M to build them?
Response- Credit line is being used to build them.
11) When is ATC projected to be relisted & traded on
the Australia Exchange?
Response- Actively being worked on.
12) What would Tim Huff, venture to say would be the
impact on GTEL shares of the above action #11?
Response- ATC will increase balance sheet of GTEL
significantly.
13) Given the somewwhat looseness of the AMEX, Tim are
we looking at the NAZ?
Response - See shareholders letter for this answer.
14) Will there be some type of public marketing: ie
tv,radio,magazine,newspaper ads for the Company
products?
Response- YES
15) Who is building the stratellite?
Response- GTEL.
16) How many can they build in a year?
Response- Based on the need, ramped up as needed.
17) Super Hubs, what's up with them?
Resposne- Super Hub is the center of the LOGO.
18) Is there now and are there going to be Super Hubs?
Response- IP GATEWAY------- super hub to hub
connection, hub to hub connection,gateway to hub
connection. (that is how the film showed it).
19) Years ago GTEL was in the throngs of getting
established in India, is this deal dead?
Response- Nothing being done at the moment.
20) When was GTCC De Mexico formed?
Response- I am not positive so i can't say(TIM).
21) Has Caterham line of credit been tapped yet? If so
are the data switches installed?
Response- Starting to be.
22) Is it GTEL's intenet to sell of the last mile
solution to each country when stratellite is a success?
Response- We have partners in many countries.
23) According to the news release, it says: " The new
site is scheduled for launch at the end of August 2004"!
Response- August-Septemeber 2004.
24) The 10Q stated GTEL owns ATC's hardware in Europe,
are we using this equipment to generate revs there?
Response- YES.
25) When does GTEL expect the Mexico lawsuit to produce
results and what benefits do they expect?
Response- There is NO lawsuit!!
Some of the things that they talked about at the
SHM......................
25,000 shareholders now.
Proxy vote... All directors on the proxy were voted in
and the audit company was voted in.
AMEX or NAZ.... AMEX is the next step.
Focusing on carrier services revenues.
3-4 major contracts within the next month.
18-20,000 cell towers are too costly that is why the
stratellites are being used.
Jan 2005 the first stratellite.
Nov 2004 the money card will be available here in the
U.S.
First Quarter of 2005 off the OTCBB.
-------original message-----
On Wed, 25 Aug 2004 15:53:11 -0400, "ctf" wrote:
Could you ask the following:
1 What is the status of the 2 new hires in Europe
and their accomplishments?
2 The 10q stated gtel owns ATC's hardware in
Europe, are we using this equipment to generate revs
there?
3 When does gtel expect the Mexico law suit to
produce results and what benefits do they expect?
More OLD NEWS DD.
No idea if any of this will have anything to do with the new PRs about Sanswire, but the areas Sanswire is expanding into, Gtel has approched for carrier traffic & money card business in the past.
http://www.bizjournals.com/southflorida/stories/2003/03/10/daily55.html Brazil
http://www.primezone.com/pages/news_releases.mhtml?d=49801 UK & GermanyChris Tooley is gone I did gte an e-mail xmas card from him though,no word on Christof Schindler.
And good old ATC, check out the areas ATC had networks in, which Gtel owns with no business operations.
http://www.rednova.com/news/stories/3/2003/09/22/story150.html
Mailman asked Mr Huff a question for me at the last shareholders meeting about ATC networks in Europe and Mr Huff stated Gtel has taken over europe network and they are operational. No work on any other holding of ATC.
Read Q 11,12,24 for ATC questions!
GTEL 10q Q3
This domestic venture combined with GI's current international processing capabilities, will support on its own network all the Magic Money and other private label GTEL stored value card programs around the world, as well as other third party cards. Both parties are contributing equally to the installation and operation of the Miami switch. The switch is expected to be certified to process MasterCard, Visa, Cirrus, and other independent ATM network transactions. Operations are expected to begin before the end of the year.
MIAMI, Aug 19, 2004 (BUSINESS WIRE)
GI will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
---------------------------------------------------------------
These sections tell me GI has a certified switch and network in Venezuela and will process transactions on its own network until the Miami switch is certified and opperational, at which time processing will shift to Miami and Then Both parties are contributing equally to the installation and operation of the Miami switch.
-------------------------------------------------
OLD NEWS Yes never produed rev's! Make of this info as you care, I have no idea if any of this is still valid!
GlobeTel Communications Corp. Announces the Launch of MasterCard Services
July 16, 2003
GlobeTel Communications Corp. announced that it is set to launch worldwide new products and customer services through its new Magic Money Card. GTEL, with its partner Grupo Ingedigit, through its subsidiary in the U.S., AmericasCom International, Inc., has begun the program to start distribution of its Magic Money Card, a prepaid calling card and MasterCard and Maestro Debit/Credit Card all rolled into one with a host of additional stored value services.
---------------------------------------------------
Posted by: cabvineyard
In reply to: None Date:8/19/2004 11:16:32 AM
Post #of 8539
some additional info on our new partner...
Americas.com, Corp. (the "Company") is a Delaware corporation and a wholly owned subsidiary of AmericasCom International, Inc., a Florida corporation. The Company is a facilities-based international telecommunications carrier founded in 1999, to develop and operate an Internet Protocol ("IP") network to and within Central and South America. The business represents the culmination of years of development work by a team of experienced telecom executives in partnership with its principal shareholder, Grupo Ingedigit, C.A. ("Grupo") (www.ingedigit.com). Headquartered in Caracas, Venezuela, Grupo is the leading systems integrators and builder of zero tolerance and secure networks in the region.
The Company has commenced the build-out of its IP network by implementing a strategy of joint ventures and partnerships with licensed carriers as well as obtaining its own licenses in target markets. Management believes that this strategy provides long-term viability, an early to market advantages, which can materially reduce investment, and operating costs.
From now on I'll use GTEL for us and Globe for them, easyer to understand, sorry.
Same here, enough guessing on my part for that subject.
I hope my guess is correct though, because it would create a stronger relationship with Globe then just interfacing money card with their system and a present rev stream with GI from Globe,thus GTEL.
And that's what I'd like to see. Probably wrong though.
Rocky
Sorry, I was using GTEL for Globe tel communications inc and GlobeTel for (globe) in my posts about this subject.
It was the name problem talked about before.
GTE for us and GlobeTel for them, sorry
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Oct. 18, 2004-- GlobeTel Communications Corp. today announced that a Memorandum of Agreement (MOA) with Philippine mobile giant Globe Telecom (Globe) has been signed to jointly develop an integrated payment system which will combine GTEL's stored value card payment processing capabilities with Globe's SMS applications technology.
Rocky please note my original G cash post, pointed this out!
Posted by: lowtrade
In reply to: None Date:3/22/2005 7:45:40 PM
Post #of 8532
Some core B - DD, money xferr rev's may have started?
Globe 'cashes in' on G-Cash
Posted 02:40am (Mla time) Mar 11, 2005
By Erwin Lemuel Oliva
INQ7.net
MOBILE phone operator Globe Telecom recorded close to 2.5 million dollars worth of transactions on its mobile commerce service “G-Cash” since its launching on October 2004, officials told reporters Tuesday.
-----------------
Remember GTEL is 1 of many transaction partners!!!
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To date, Globe has also inked deals with 10 to 12 banks for its G-Cash for settlement partnerships.
'Cutting Corners'
GI & GTEL has had a relationship since 2003 and GI has been processing financial transactions for years.and the leading electronic financial transactions services backbone provider for the banking industry in Venezuela. GI currently supports major international bank sponsored programs from a platform in Venezuela.
As I understood the JV, Gtel planned to use GI's opperational data switches and processing software (with changes) because the Miami data switch would not be opperational in time, if the money card deals became fruitful quickly.
The switch to the Miami switch would only take place after Gtel had it going, but any transaction processing prior to then would be added to GI opperation system.
MIAMI, Aug 19, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ("GI") to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. The venture will be managed by GTEL operating from its facilities in Miami, Florida and will mirror GI's successful operations in Venezuela.
With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
GI is a well established international financial transaction processor certified by MasterCard and other financial networks, and the leading electronic financial transactions services backbone provider for the banking industry in Venezuela. GI currently supports major international bank sponsored programs from a platform in Venezuela.
Both parties are contributing equally to the venture. Upon its completion, the Miami switch is expected to be certified to process MasterCard, Visa, Cirrus and other independent ATM transaction networks. Operations are expected to begin before the end of the year. GI's will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
GTEL and GI will contribute their current and future business opportunities and customers for processing at the new Miami switch. GI will bring the processing of existing and new programs in Latin America, as well as other new and exciting opportunities in the U.S. and elsewhere. GTEL will bring all the Magic Money Card projects underway in the U.S. and throughout Mexico, Latin America, the Philippines and Australia. The Magic Money Cards are directed at the large immigrant communities that live and work in the U.S. to primarily call and send money home.
Rocky Why then would GlobeTelecom use GI or anyone elses processing when they can use their own?
I've benn researching GlobeTel G cash since Gtel's announcement in Oct 2004 with zero revs announced until the Mar 11 artical.
I have read zero info from GlobeTel, that they had any money xferr program in place prior to G cash, for their cell phone base. Maybe it's wishful thinking, but I felt Gtel was to provide this for them.
Timing wise,1st report of GlobeTel's G cash rev.s didn't show up until after the Jan/Feb tests you talked of.
One could think Gtel's payment processing capabilities with Globe's SMS applications technology, could be the software for (all) transaction processing of G cash. Not just Gtel's interfacing stored value cards with an existing system GlobeTel had prior to the OCT 2004, new concept launch.
If so GI with their opperational data switch, using Gtels processing software could be processing G cash transactions, which started Feb and reported by GlobeTEL for the 1st time Mar. 11.
If GlobeTel G cash was producing revs prior to Jan/Feb, why didn't they report any until mid march 2005? If they had revs from Oct to Jan, one would expect them to announce some at EndOfYear 2004.
I don't know rocky, I've read so many articals and may have mixed something in my mind, but for some reason I seem to recall or have had the feeling, GlobeTel was developing the transaction software with Gtel for the hole deal, interfacing SMS technology to data switches for G cash transactions.
End; Guess we'll see in the next several SEC Q reports.Probably just wishful thinking on my part. Note I posted a lot of IF's!!LOL
Rocky
Miss understood my question.
In reading GTEL's deal with GI it states Gtel will recieve revs from transactions of store value transactions and third party transactions.
MIAMI, Aug 19, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ("GI") to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
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I'm questioning if you feel our deal with GlobeTel G cash could (not has) produce third party transaction processing for any of the $2.5 Million in revs reported in the artical I posted earlyer?
IS G cash using Gtels integrated payment system for 3rd party transactions with GI?
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Oct. 18, 2004-- GlobeTel Communications Corp. today announced that a Memorandum of Agreement (MOA) with Philippine mobile giant Globe Telecom (Globe) has been signed to jointly develop an integrated payment system which will combine GTEL's stored value card payment processing capabilities with Globe's SMS applications technology.
The Gtel logo as partner is a plus, but is GI processing any of these transactions and are any of them using Gel's store value card is the Question.
Rocky may be able to help me here, But as I understand it GI's transaction processing will be a separate Rev stream, from Profits from Stored value transactions and GTEL"s deal with G cash was to setup transaction processing Plus intergrading GTEL's stored Value program into the G cash program.
That means Some GlobeTel G cash transactions could be being processed by GI but not as GTEL transactions.Thus GTEL could be making money from the GI/GTEL relationship without GTEL/G cash producing a penny yet.
Rocky ??
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Repost from 3/22 This artical shows G-cash is bringing in revs,
Some core B - DD, money xferr rev's may have started?
Globe 'cashes in' on G-Cash
Posted 02:40am (Mla time) Mar 11, 2005
By Erwin Lemuel Oliva
INQ7.net
MOBILE phone operator Globe Telecom recorded close to 2.5 million dollars worth of transactions on its mobile commerce service “G-Cash” since its launching on October 2004, officials told reporters Tuesday.
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Remember GTEL is 1 of many transaction partners!!!
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To date, Globe has also inked deals with 10 to 12 banks for its G-Cash for settlement partnerships.
Some here have been asking which indicator do you use, which is the best in you opinion!
A little tip; use barcharts website to pick the indicator to use for the stock, after choosing a stock to watch.
You go to performance, pick the time frame you plan to stay around and look for the most productive indicator for the time frame.
Check it out at:http://quote.barchart.com/performance.asp?sym=GTEL
As you can see by checking some of the individual indicator's trade dates, by clicking them, results seem squed because of the large move that just happened.(more down trades then up for Gtel)
Once I determine which indicators work best for THAT stock, I use bigcharts java with those indictors, while following the stock. Much easyer to see & use then barcharts chart.
william2112
Last year a fellow board member (nerd68fl)taught me a DMI pattern to watch for. It has given me several entry/exit points, which has made me some good money. I'd like to pass it on by posting our message treads below. It needs constant attention on a 10 day chart or shorter IMO. learn it, use it, it works IMO!!! Have thanked him several times. I thought I knew alot about TA and then 3 years into trading for a living, and new friend teaches me some thing new!
If you use big charts java chart, with DMI,RSI,& VOL for lower indicators, it's easy to slide a vertical line to the point ADX crosses DMI- while DMI+ is above and see the jump in PPs on the chart. Good Luck!
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OT:Low in trading stock I operate on DMI there is a pattern on the hourly chart where DMI+ is above DMI- is below and ADX rose from below DMI- into the middle. I ave found this pattern to indicate an increas of >10%, usually a lot more. I stay with the stock until RSI reaches 5 + and strts retracing, where I sell. I don't always get all the move but it is very rewarding. ISO was entering this pattern.
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OT:nerd68fl
Alway like to see new ideas, thanks, I'm now looking for one more piece of the pattern. What time frame do you look at Daily only, 5 day, 10 day 1 month? also do you buy at cross over or when it reaches middle? So far I looked at 5 stocks and see what you see, interesting.
I also trade on rules and stick to them no matter what! Greed is good, but I've also learned it kicks you in the A more then expected! Rules work!
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OT: Low sorry I did not give you all of the pattern. RSI must have been below 50 and be near or at 50 and ADX is best if coming from below 15. This give the biggest bang.
My sloppy typing kept the out criteria to be vague. When RSI passes over 75 look for the down tick. It is then time to leave and count your winnings. This isn't foolproof but usually it is mt fault. I always want a little more that the run wants to give. Discipline pays dividends.
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OT:nerd68fl Thanks
I have rarely looked at MDI and have just spent some time brushing up and now plan to use it more while DDing my future picks on big board stocks.
I can't find any info on the relation of RSI to MDI but your analysis seems to fit the stock movements I've checked. Straight DMI states the ADX shows trend of DMI+ on a trending stock. Basically the same as RSI. Thus if ADX is rising with DMI+ the trend will continue.
PS: I used DMI to look at gtel 1 yr and found that just before Feb run to .19, DMI sets up exactly the same as now! If you want, I'll email you a chart.
It's always good to have another tool in your bucket. Thanks
'Transat 5' Naked shorting site.
www.investigatethesec.com
Market Maker Speaks Out: Ways of a Market Maker
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." _____________________________________
Credit for this post goes to Cardshark_1999
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wolfrun
To be truthfull I kicked the Gtel habit for months and have not been up to date on the day to day. But from the quick look I just took at Gtel's TA charts, I would say every thing is setting up for a break out or at least climb very soon.
The proof will be how slow the volume goes. Will all the newbees feel the large jumps are over for a while? Will the day traders take Gtel off their watch list? Are the MMs scared of SHO?
If the answer is yes, the volume will go under 3 mill a day and the MMs will play. If not, the Ta signals will hold good like on the big exchanges and we should buy soon.
I'd watch very close, if I was looking for a buyin. This would be a new base for a $5 stock, but may become the start of a walk down for gtel, if MMs see an opening.
william2112
Volume is the main cause of confirmation to a TA trend. With out increased volume most indicators fade away. With a stock that is not being manipulated, mostly news starts a run or financials create a climb until traders feel enough is enough.
But in all cases volume is the key. Once it starts, momentum carries it on until something stops it.
My claim is MM stop the run with penny stocks because the market isn't transparent. The orders go to the market maker and the market maker places them on the exchanges.
So they know the demand before releasing it and can hold orders to keep traders opinions from reaching eyes until they want. Within reason. If volume is low they can hold longer, if the volume is strong, they have to let go sooner, they manipulate but can't cancel.
Some say I'm full of bull and I may be. They say how can one MM control a stock that has 20 MMs. They don't see each others order books. This is correct, but I've seen and documented MM signaling other MMs with order size and order placement tricks.
If you follow the tic by tic and the PPs seems to be climbing and all of a sudden you see an under 1k trade at the bid on a stock that has been trading in the 10's of thousands all day, IMO that is a MM saying to others, I see a lot of ask orders. If a few minutes later you see another under 1k trade at the bid, that is a yes, I do to replay. The next thing will be a hold on trades, after a trade every minute or two, the trades will stop or slow for 10, 15, 30 minutes. Followed with several trades at the bid, Usually large, in an attempt to make traders think buying interest has stopped and it's time to sell.
All this is illegal and could never happen because MMs are there to make an even flow in a market, per their doctrine.
But I called this on Gtel so many times in 2004 it was funny to RB board members.
I have a post from a retired MM that tells some of the tricks MMs do. If I can find it I'll post it here.
'Transat 5'
To answer your naked shorting question the SEC has started Reg. SHO Jan 3 2005. Which is suppose to force Market Makers, brokers and stock trade clearing houses to balance the books.
Many think the implementation of this rule has not been without shady deals and looking the other way, just as before, but in many cases it seems to be slowly working.
Many, including market makers, brokers and clearing houses have questions on the regulation which have not been clarified yet. So I'm sure the regulation is not being followed to the letter, because the Sec can't seem to be able to explain all the letters it self.
Following is an explanation of how the regulation is suppose to work. (As I understand it.) I may be wrong!
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By: lowtrade RB message board
08 Jan 2005, 06:27 PM EST
Ramifications of SHO Grandfather clause on MMs, brokers/dealers.
The grandfather clause in REG. SHO says that shares that are naked before the regulation, do not have to be covered but, all shares traded after must have each share recorded within several days or the stock will be displayed on the SHO list at the exchange listed on.
Here is my opinion of the info I've been able to read so far.
As I read it there will be NO naked shorting any longer because SHO will force the MMs & broker/dealers to Buyin and cover naked shares within 13 days or the buyin will be done for them on day 14. On all trades after Jan 3 2005.
The Grandfather clause will allow the existing naked short prior to Jan 3 2005 to NOT be covered all at once, but if an MM trades a shorted stock, the stocks total % of short on jan 3 2005, will be considered short on the new buy/sell transaction.
Meaning if it is determined that a stock is naked shorted 5% Jan 3; then all shares sold after Jan 3 will be considered 5% shore. If an MM sell 100k the gov will have to trace back and demand them to cover that 100k plus 5% if they hold a naked short position Jan 3.
That would mean the MM only needs to cover 5% of the volume they trade each time they continue to trade a stock, not their complete naked position at one time.
This was so there would not be a major run on thousands of stocks, for billions of shares all at once. But as long as a MM want's to continue to trade that stock, they will continue to be forced to cover their short at the over all short percentage Jan 3, until they no longer have a short position.
If this is how it works, I would expect to see MMs want to keep a steady above average daily volume with a steady or walk down PPs, while the regulation is put in action.That way they could trickle their cover a little at a time and not have to pay larger prices, to cover on major short cover runs.
Also if a MM or broker/dealer has a grandfathered naked short position and does not continue to trade that stock, all naked short positions are null, until or if they start trading the stock again. At which time the short precentage figure Jan 3 will start being applyed, until all naked shares are covered.
May I add that during Oct, Nov, & Dec's walk down, Gtel released some of the strongest news PRs ever, with the 1st ever pre 10k filing announcement, for a huge increase of revs, which happened.
But the PPs walked down on many MM daily plays which stopped any run up. I mean obvious MM plays, like trades stopping for an hour, after a surge up, and then block trades at the bid after.(naked shorting)
At any rate I'm done my rant! That was then and this is now, hope this kind of manipulation will never occur again.