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I will be watching aroons 5 and 8 to cross the 30 for the next move.
What kind of news are we currently awaiting other than Stratellite news?
Thanks.
msmag: We probably won't get a pr today but we seem to be holding nicely at 3.70. All eyes are on GTEL, when we do get that pr, things should get interesting.
IMO
techbear:Can you please create a link to the Berlin GTE symbol above?
What is the symbol again?
OT:Vero: I cannot reply private so I just wanted to let you know that I currently only use the diamonds as an extra indicator just like the other TA indicators, but yes, if the diamonds are high (above the 70) usually that means that a big move is going to happen. Let's see what happens with the example you gave me...
mide: What is your trading technique? Do you use TA or just simply sell half on every quick rise in sp? Please share with us what you have been doing. I have simply been long since .11 but if I knew then what I know today I could have 4X the amount of shares that I currently have...but it's easier said than done.
trimsprims:Why do you say that you can't chart GTE? Nothing has changed... GTE is acting in the same way that it always has, VOLATILE and MANIPULATED(IMO).
IMO, The longs will prevail.
william2112:After taking a look at your post, it seems that you are proving that the sp was walked down to pickup shares around 3.40 as lowtrade and I had mentioned earlier correct?
GTE is a volatile stock, moving up and down ~20% is nothing new here. Rocky, I sincerely appload your patience...wow this happens at least once a month and every time there are new complainers and you hold your composure with everyone.
To all the nervous people out there, look at the business plan, the fundamentals, and how our CEO has come through on his promises (delays that are out of the CEO's control are not his fault). Stop listening to the negativity because it is obvious that many people out there have their own agenda and will walk all over anyone to make sure they are successful.
IMHO
You all make great points and yes, if I were not in love with this stock I would have sold at 3.80 according to TA, but we do know that fundamentals and positive upcoming news is on our side. We also are quite sure that the resistance level should be around 3.15, so with that being said, it is a risk to sell at this point but it is still not yet time to buy unless the dmi+ and dmi- diverge (not converge) tomorrow morning.
In my own humble opinion.
wolf: the 8k was an agreement to sell stock a few pennies below the current value of GTE... nothing fishy about that, it happens all the time.
IMO
William: It will be nice if we form a hammer today.
Not sure if it will happen though...
Here's an example of a recent reverse split on the amex (COI) I was playing with this stock prior to r/s split and made some money. After the R/S I saw how it began to tank so I left it alone. Now look at where it is today. I'm not saying that this is what will happen with GTE but just to show you how things are manipulated especially right before a big run. BTW COI is losing money year after year and has a lower market cap than GTE. COI was getting bashed like crazy before it's run and throughout its run.
http://finance.yahoo.com/q/bc?s=COI&t=3m
Don't fool yourselves, GTE will be manipulated. Silver is one of the most manipulated stocks in the stock market! You can't get away from the manipulation it is part of the risk people take.
IMHO
Also, we know where GTEL's support level is because it has been tested many times. $3.00 should be our support. ~21 cents.
I told you all a few months ago, the Amex is manipulated like crazy this happens all the time. Price will be brought down to pickup stop orders. I've seen prices move up a dollar then down a dollar on a 3.00 stock on the AMEX within ten minutes. IMO the only advantage to being on the AMEX is a chance to get institutional investors.
My recommendation is not to watch GTEL everyday if you are long because it's going to drive you crazy.
RELAX
tech:I'm using a demo version so maybe that's why. Which company is your level2 subscription with?
tech: I do have live level 2 but it's not showing how big the bid sizes are (only shows a number like 1-20) and there are only 4 people on bid and 6 people on the ask.
Is there a way to see the bid and ask building up?
She's Healthy EOM
Is there something similar to Regulation SHO on the AMEX? Any warning lists?
Next few days might be boring, in my R/S experience it usually took a few days to a few weeks for anything big to happen. If we stay around this trading range for the next few days, it is a good sign.
IMHO
AMEX can be a very volatile place just to let everyone know...
If you have stops in place, many times they will get taken out on walkdowns, same with stop buy orders.
GTE is now available on stockcharts.com (was not available earlier)
Thank you Rocky for all of your hard work, I love the way you run this board. You have helped me and many others become better investors with your honesty and integrity. I am looking forward to what the future has in store for us.
Well, I'll be happy if we close around this trading range...
william2112: I have been studying candlesticks the past few days, they aren't hard to learn at all. The more I learn about them, the better indicator they seem to be. I am definitely going to use them as a higher priority TA indicator from now on. When I have some more time this summer, I want to get a workbook that gives me examples... I saw an add somewhere for one.
belhaaco: Great post, fundamentals are on our side.
tech: I totally agree EOM
william2112: Here is some links to back up you claim of how american bulls is wrong about the dark cloud pattern.
http://hotcandlestick.com/directory/Bearish%20Dark%20Cloud%20Cover.htm
http://www.streetauthority.com/terms/darkcloudcover.asp
http://www.stockcharts.com/education/GlossaryD.html
lowtrade: Doesn't this mean that a drastic move is about to happen... The inverted shapes that just formed on the 15 min chart on aroon 8.
OT:I understand how to post a chart from stockchart but how do I post a chart with annotations?
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[chart ]stockcharts.com/def/servlet/Favorites.CServlet?obj=1545309,-1&cmd=show&disp=B[/chart ]
Juststocks:You use aroons in the same fashion that I do but I still wish that I new how to confirm which way the reversal will move. I guess you just have to wait and see and buy in if it moves up. It's just that I love how it gives you the early warning. The earlier you can confirm the move up, the more money you can make!
wolfrun, I'd have to agree with you, volume is key here, or the sp will remain in the .24 cent range.
IMO
rmcd: IMO the sp would have already began to spike up just before the second red hat aroon was formed buy it didn't because there will most probably be a green hat diamond forming right after. If you take a look at the chart now, it seems as though there is another diamond forming with a green hat on aroon 5 and maybe a small red hat (good sign) on aroon 8 (watch this one closely). Basically this IMO all these diamonds shows that people are undecided but when they do decide, it will move fast either way. For now I would be paying more attention to the other indicators such as the ADX crossing up through the DMI- on the daily chart ( which would be a good thing.
lowtrade, interesting way to look at things. Pure common sense, I respect that.