Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey Rocky, but twice the underlying? seems excessive, since the number of warrents and (if the price is fixed) the number of common to be converted is known...
Better becareful when a company starts worrying about it's stock price...
Somebody needs to ask some hard questions regarding their financing... Specifically, is the conversion price fixed or not?
The statement in the S-3 filing certainly doesn't look fixed to me or they wouldn't have asked for an additional 100% of the underlying...
http://www.investorshub.com/boards/read_msg.asp?message_id=7865810
Look at how the stock has traded since the financing, certainly has the look of a convertible type financing...
It's funny, Rocky hasn't defended this post?
FWIW, I have no position in GTE long or short, nor do I know anybody long or short, AND I am far from being an accountant...
Anybody care to answer my question on the financing linked on this post?
Can someone here answer this question regarding language in the June S-3 filing?
from page 3:
"The terms of the subscription agreement with the Investors calls for the registration of the shares underlying the convertible notes and warrants PLUS AN ADDITIONAL NUMBER OF SHARES EQUAL TO 100% OF THE UNDERLYING SHARES TO ENSURE THAT A SUFFICIENT NUMBER OF SHARES ARE AVAILABLE FOR CONVERSION UNDER ALL CONTINGENCIES."
If the conversion price was fixed, why would there be a reason to register new shares, especially Equal to 100% of the underlying shares??? Are they saying with this language that the conversion maybe equal to the outstanding shares? If so, then the financing cannot be done at a fixed price.
I have no position in this stock currently, short or long. Just that a slow bleeding chart like GTE usually has large supply coming to market willing to sell at any price... JMO
Rocky, I just took a quick peak at the S3 from back in may.
The concern I would have is this statement on page 3:
"The terms of the subscription agreement with the Investors calls for the registration of the shares underlying the convertible notes and warrants PLUS AN ADDITIONAL NUMBER OF SHARES EQUAL TO 100% OF THE UNDERLYING SHARES TO ENSURE THAT A SUFFICIENT NUMBER OF SHARES ARE AVAILABLE FOR CONVERSION UNDER ALL CONTINGENCIES."
My concern is this language, if the conversion price was fixed, why would there be a reason to register new shares?
I admit, my FA side is not that great, I am a technical trader...
Yes just becarful of the financing arrangements, some can be very detrimental to the stock... Convertable debentures with no floor are the worst, generally the financiers try and drive the stock to zero.
I'm NOT saying that GTE has this type of financing, but the chart pattern has that "look..."
ouch 40%... Ahhh the life of BB stocks... yes I still consider this a BB stock...
The chart looks like there has been continous supply hitting the market. I wonder what type of financing arrangements the have made.
I hope they aren't convertible debentures... ???
Later
Hey lowtrade, it's been 5mths since we last corresponded and you were giving me crap not being a believer... LOL
GTE / GTEL was just under $4 split adjusted, today around $1.45 LOL maybe you need to change your handle?????
I guess a lot traders are now investors...
Ya ya, say I'm a short coming back to mark the low or whatever...
My reason for sparking interest this board is a previous investor that I talk into selling (VERY HAPPY he DID sell) sent me a note about today's financials release. So I had to come back in just to check out if the bulls were still around. Sure enough, good luck all, but I'm afraid the chart still looks like crap, "three line strike" candle pattern developing, means continuation of trend.
Have fun and good luck, hope it turns for ya...
Your numbers look great, BUT, what can one Stratlite handle for a load of users. Also, you really think that they will get 34% market share? Also, your 58M people, how many are families that would only get one account? So that 58M is smaller than you think...
Also, you site the northeastern region, how well does the communication work in bad weather, especially snow storms.
How is this technology effected by sun spots?
My reason for asking is my buddy who was in GTEL wants to get back in. I see since I have been away split adjusted GTE is around .18, below that critcal .20 area back a couple months ago.
Rocky,
Maybe you can enlighten me on the AMEX listing?
So what are the requirements to get listed on the AMEX?
try here...
http://www.venturelawcorp.com/listing_requirements_amex.html
Now since they currently don't meet standards 1 or 2 for price, you must go to standard 3. That requires $50M+ in pre-tax income.
Now, for the year ending 12/31/04 they show ~$29M, seems a bit short on revenues for them to move up to the AMEX. JMO
http://finance.yahoo.com/q/is?s=GTEL.OB&annual
look through my posts, I referenced some charts...
<Pit, new, strat, Jack, doom - doom -doom, Guess I better run out and sell now. LOL>
LT, what do you mean by that? I told you, you would have a shot to reload, how is that doom-doom-doom?
I'm sure you probably added at .24 on that first dump, now if you sold on that dump and reloaded that was the wise thing to do.
Well, as I said all you GTEL longs had a chance to buy more in the .20-.21 area...
hmmm, well not that it doesn't work, but I would be suspicous that it is using the correct data, since on your chart has incorrect prices... Have you tried on other TF (Time Frames) to see if it compares?
Doc, those MA's are 21EMA and 55SMA...
doc 4/12? No, I was referring to this chart...
http://www.ttrader.com/mycharts/display.php?p=32849&u=joat&a=Jacks%20Charts&id=202
I was looking at the 168.2% projection of the wave indicated in green (not the ED wedge)
That also corresponed to the to ATH (All Time High) of 36.5, so I never get greedy I suggested 36.3, figuring there maybe people in line at 36.4.
When projections line up like that one needed to take note, there is a reason for it...
And in Edit, ttrader is just a place to display charts that one makes into a jpg or gif file. I use Qcharts for my charting and IB for my trading interface. I have a custom application that I use to interface to trade the futures market...
Frequency of high and low closes? If not using closing data then I think it could effect results, like on today's bar.
Can you make a 390min chart, same as daily... Sometimes they will remove from them. I used to have a stockcharts membership for the scans but gave it up sometime ago.
what does the arrons use for data? Because that daily data you are showing has incorrect highs and lows. Some of those trades were canceled, see my 195min (half day) chart...
http://www.ttrader.com/mycharts/display.php?p=32850&u=joat&a=Jacks%20Charts&id=202
william,
I advised my friend, who was long with a avg of .281 after my help getting him avg'd down, to exit at .363 figuring the ATH of .365 was solid resistance. Of course he sold today for a loss becuase "news" was coming...
Basically, that 15min ED, whenever it pops out of the upperline, Elliot says that the market (stock) has gone "to far to fast" and that is the signal to start to "look" for a exit. Worst case is one would exit once falling out of the ED's lower line.
EDIT, Also if you get to far into the apex, it generally means it's invalid...
This is a picture with the completed action.
http://www.ttrader.com/mycharts/display.php?p=32851&u=joat&a=Jacks%20Charts&id=202
As I tell my friends, have a "plan" trade the "plan" and don't fall in love with ANY stock.
I also say that people in the "know" are much smarter then you, and they will tellgraph moves in the stock by their trading actions.
Rest assured the MM (Market Makers) aer fully awhere of the stocks they are making markets in, they do this for a living, they have to know or they would go out of biz.
How can someone learn when you have so many indicators?
I don't really trade stocks anymore, I have learned that I make very consistant money trading the futures market. I hold nothing overnight, so I have no risk after 4:15pm EST, I sleep much better this way.
When I do trade stocks I would only trade triangles/wedges where you know the trade is wrong very quickly.
for my friends I tell them to use the 21EMA and 55SMA moving averages to show strength and entry. Never buy a stock that the 21EMA is less than the 55SMA (some use 20 and 50, but I am a EE, so I use fibinacci sequence numbers...) When the 21EMA has crossed the 55SMA, simply buy 1 lot at the 21 and another at the 55. If you have two consecutive closes below the 55SMA, exit at the 55SMA, or at a resistance level based on horizontal TA methods.
This method would have first had you long one lot at ~$0.09 back in Dec, had you not been advised of the cross there were many opps to get in around 0.10
Had you waited for the big spike in feb, you would have been long at .27 and .21.
Rocky, I can't see where the 200M+ Shares were sold in Nov/Dec, you would have to show 400M cumulitive shares if they were sold as my understanding BB stocks are double counted for a buy and sell. For Nov and Dec there was only 319,608,514 in cumulitive volume, so there is no way these shares were sold into the market.
Now, they could have been easily put into the market from Nov to today, I have over 2B shares traded since then...
I guess we can answer this question in 30 days how much of that supply has come to market.
WOW, there are enough studies on that chart where you could be right about the direction up or down...
I take at the KISS approach, get rid of all of the studies and watch the PRICE. Use a projection tool on the previous swings and maybe learn to draw some trend lines...
15min ED from last Friday warning the move was coming to an end..
http://www.ttrader.com/mycharts/display.php?p=32849&u=joat&a=Jacks%20Charts&id=202
Daily and 15min projections...
http://www.ttrader.com/mycharts/display.php?p=32850&u=joat&a=Jacks%20Charts&id=202
And in Edit, my projection of price is still pt'ing to .20-.21 area. This is based on the second chart posted...
rockey301, I withdraw my statment about "insiders" selling, but you must think that 90M+ shares "potentially" coming to market will impact this stock.
Well I'm going to try this post again as to why I posted here, seeing how the moderator deleted the last because I mentioned another stock.
Lets just say I lost a bunch of money on another BB stock, it was a scam and now is halted.
I wish I listened to the people that were warning me of the signs that something was amiss.
I will state again, if this stock is going to fly as high as the proposed blimp, why have insiders lined up at the door to register their stock to sell to the tune of 90M+ shares since Jan 05?
http://finance.yahoo.com/q/it?s=GTEL.OB
I would be nervous about shareholder lawsuits, Huff should have issued a release saying that the unveiling would not be as previous announced, a teathered ship, hell it's just a frame as far as I can see... Since these guys have nothing, shareholder lawsuits would send this Co into the ground. JMO...
What did Huff have to gain? A lot if he was selling stock before the announcement... Ah, the life and times of BB stocks.
How many BB stocks have made it to the big boards? How many BB stocks are there? Find these two answers, divide the number of BB stocks by the number that have made it to the big board and there are your odds...
BTW for the record, I do not have or have ever had a position in GTEL long or short.
Sure I'm done, I hope most are in at much lower levels, I sense alot of toilets are going to be prayed at by the close...
All you guys/gals are too funny, we need PR, we need PR, where's my danm PR... LOL Come on the unveiling was a joke, it's obvious can you see it?
Well, I shouldn't be, but I am done trading for the day...
I tell you what, GTEL will see .166 in the next 2 weeks...
Heck it may even see .203 today.
And no I'm not a professional short or whatever. I feel for the fools that "invest" in BB stocks. I was in the MIDL scam many years ago, lost all my trading profits in it.
I am just trying to be a voice of reasoning amongst the hype...
I'll check back in when it's in the teens... If it keeps going down, you will see shareholder lawsuits and that will be the end of GTEL... ALL JMO
Level 2 is a waste to watch, spend your time on something else... with my trading software I can display 100 shares of a stock with 10000 to sell, you will never see it, as my trading software will just keep firing 100 share lots...
Sure TA can, you just need to know how to apply it... Price ALWAYS tells the story... The Ending Diagonal that happened on the 15min charts was the first clue last Friday to exit the stock as Ending Diagonals mean the move has ended, EDs work both in up and down trends... Second clue was yesterdays trading, a gap down on a day before the big unveiling, ya that's what a stock should do if it's going higher.
Take your FA and throw it out the window, it's obvious with yesterdays gap down that the people in the know, knew how to play it...
TA, board? talking about FA stuff like VOIP is not TA. Technically if the stock closes below the 55SMA on the Daily it will be the first time since the stock was at 0.08. Notice how each time it has bounced off it. You will get your chance at .20-.21 area to throw more money at it IMHO... Price ALWAYS tells the story better then PR...
Look at the insiders looking to exit or who may have already exited since that data is a 30 day delay...
Good Luck...
so why are all those shares registered "to" sell? Especially if they are in for the long haul?
Technically the stock is broken and "should" see .20-.21. The clue to exit was last Friday's Ending Diagonal that I posted about on SI. http://www.siliconinvestor.com/readmsg.aspx?msgid=21211460
Yesterday's trading was an indication that the stock would selloff today...
Have fun and good luck, if .203 is taken out it's a long way down... Better hope for more PR...
I find all the longs comments funny, better hope today's low holds or you will get more at .20-.21...
I have no and have never had a position in this company long or short. Actually, I swore off BB stocks many years ago for reasons just like today... I just trade the futures and occasional stocks... My reason for coming here is a friend asked me to look into it...
Anybody see the insiders lined up to sell? Since 01/05 I count over 90M shares registered to sell, I wonder why? If you go back even further there is alot more. So for those of you that think it's MM manipulation better think again...
http://finance.yahoo.com/q/it?s=GTEL.OB
Good Luck All...
Will hold short overnight looking for exit in the am or overnight seesion... Gulp... <BG>
I'm short the nqs avg'd at 1417 looking for a pullback to 1400-5 area will bail if we close above 1425...
jj, My QQQ System is back to neutral signal since 2:30pm, this one lost about 20NQ pt's from entry...
45deg angle?? I guess it depends on your Y Axis scale?
Anyways I doubled up @1422 looking to get out with minimal damage on my 1412 short... <NG>
Hey OJ, thanks... I think we should test 1400 again before heading higher? Today seems like a squeeze, no real pullback at all? VXN has been melting all day too...
Ya I noticed that while scrolling through some charts, but not the reason for my comments.
Well if we are going to turn I think it should start right here...