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.
Thanks, IN GENERAL, I'm pretty good at predicting price movements, I know. I emphasize IN GENERAL as nobody can predict the exact correct price movement, for very long.
Very difficult to dogmatically predict price movement. Unless bad news comes out, I would say it probably won't go below .20 and if it does, it won't stay there but a few minutes or hours.
Yes, well, the stock market in general is a war, and the enemy is out to get you. Be it a diluting company, or a naked shorting MM, or misleading PR.
I've seen many of these OTCC (and listed, but not as many) look so good (example NMKT.OB MOBL.OB PTSC.OB) look like there going to a 1.00 or whatever. And slowly turn to garbage.
Yes, GTEC looks fair to good right now (for a OTCBB stock), I just wouldn't get too bullish unless they definately are to be NASDAQ listed. The quicker they get off the OTCBB, the more credibility they will gain and then possible trade at a 15 to 30 PE.
OTCBB in general is a garbage can, (pinks, in my opinion shouldn't be allow to trade to the general public. Most of money (not all) here is DUMB novice money.
The smarter money think like this: well if GTEC has all these revenues and can list on AMEX or NASDAQ, then why don't they. I know, they say THEY WILL. Well, when they get listed, then a whole new class of money will consider their stock.
To be honest, the thing that draws my attention is how the market doesn't want to give a high valuation to these Chinese stocks.
I use CHME.OB and CPHI.OB and examples. They not be in the exact industry as GTEC, but close. Look at their great balance sheet and earning and how low the valuations are.
If GTEC gets a NASDAQ listing (as I've read rumors of this) then I may be a longer term holder of the stock.
You got me on that. Still it's no guarantee because many of these investment firm spread their risk in stuff like this and some of them pay off greatly and some of them don't.
But they obviously see something here. The thing is, I've seem so many of these OTCBB stock start of with convertable debentures and end up in death spiral financing like NMKT.OB.
The thing I don't like with GTEC (and I a trader here, not an "investor") is all the shares they have outstanding. Chances are every couple of months new stock will be entering the float.
I said it would probably dip under .20, and it did. I said it would probably rebound, and it did.
The trading today was quite bad it that it looked like 100000 worth of buys would move it up a few cents but a 250000 sell would move it down a nickel. Have to see how it trades tomorrow. May be a set up for more dumping. I'm not a long term holder on OTCBB stocks as some here are.
Still, all in all, it's worth around .25 - 30, until earning and or news (good) comes out.
The probably now is the general market is breaking down badly.
There getting paid with an option to convert.
http://biz.yahoo.com/pz/071108/130912.html
Pope is diversifying with moderate risk PP like GTEC.
This isn't institutional support as in holding the stock out right. Institutional support would start at around 5%, which almost no OTCBB has.
http://angelatlanta.wordpress.com/2007/11/26/arbitraging-the-convertible-note-in-early-stage-financings/
That's the thing about these OTCBB stocks, some appear to look real good, and then, someone seems is always dumping stock. Thing is, since there is no institutional support, and mostly day traders, it can be a very wild ride where you throw up.
I feel GTEC still worth around .25 and will probably increase in price PROVIDED the next earning release is good.
I look at OTCBB dissapointments like NMKT.OB and ETLT.OB and wonder how flakey and fickle this market is.
The old GTEC (and it looks like the new) has always been a loser for a "investor". For a trader (as me), I've done well.
Just think if you were "a loyal shareholder" the first years GTEC was floated (at 4.00). I think, even if you were averaging down, you still have many years to catch up to your breakeven price. Not to mention the enormous risk you'd be taking in averaging down in a OTCBB stock.
The GENERAL rule for OTCBB is: trade, don't invest. You can make money investing, but the odds are way against you as the chart below shows.
Look where you would be if bought a lot the first year.
The way I see it, the stock is a ATM machine for the management, for most OTCBB campanies.
http://finance.yahoo.com/q/bc?s=GTEC.OB&t=my&l=on&z=m&q=l&c=
I don't consider myself a basher (you may). I consider myself a realist. You have to take both sides of a trade to properly study a security.
The thing I see that looks bad here is, the high OS, operating in a communist country, failure to hold pipe support price. Worst of all, the action of the tape.
Of course they do. It the same principal with the lottery. You get that one big winner for every 100 million losers. The odds are way against you. And that "good luck to all" LUCK, really is the key here.
The rule is: you don't invest in OTCBB, you trade them. Here is a PERFECT example.
Ok, nil, not enough to make much of a difference.
I think the price coming down this low on such a fairly promising stock, makes the point.
Look for a possible rebound, and a wider trading range in this coming year.
Look OTCBB have no institutional support, that's why most experienced people won't hold them.
Yes, you can invest in them, but they are very, very risky. Go read investor's business daily. William O'Neal, would NEVER lose more them 10% on a stock.
The thing is, I've seen many stocks like GTEC (which still looks good) fall apart. This can happen to any stock, but happens a lot more on the OTCBB.
Go for a trial of "best stocks under 10.00"
http://www.investors.com/
Good support at .21. Going down just like I thinking.
I have a whole watch list full. HAUP & CPST are on a tear. TGB is a real penny stock. Check them out, don't take my word for it.
GTEC COULD be a big winner. But I've watched many of these OTCBB especially, look real good, and slowly fall apart, a lot of times from dilution and other thing.
On the OTCBB in general, these is very little support of the share price.
GTEC is close to 50% down from it's high and doesn't respond to good news.
Yes, but you can have a great company, but institutions, who are the main drivers of the stock price cannot buy OTCBB stocks. They won't even look at them. Their attitude is: when it get listed, then we will take a look.
Support is further eroding for GTEC. From L2, I see fair support now has eroded to .21. Of course this can change quickly, but hasn't.
You can invest in OTCBB stocks, but it's very, very risky. You are better off INVESTING in NASDAQ and listed stocks.
If I would of held, instead of a 15000 gain. I'd be down 10,000.
The thing I've learn is that OTCBB is good for TRADING, not too good for investing.
I don't think you will see a pe much higher then 8, unless GTEC get on the NASDAQ, and that is months (maybe years) away.
Good support at .001, at least for a while.
Just be realistic as to what is happening.
A bull and a bear make a market, not a bull and a bull.
Even more pathetic when you consider the news today.
277,600......volume is pathetic. Need to trade at least 1M to start to move.
Most penny stocks are just dreams.
Are you guy going to ride this to .01 and under?
CPST is the penny stock to be in. Don't buy OTCBB penny stocks, better chance with NASDAQ. OTCBB is a very small and screwy market.
I'm not going to sit and watch the stock come down to the the place where I purchased it and lose a 15,000 gain.
This isn't the AMEX or NYSE, it's the OTCBB.
Those stocks I mention are great trading ideas. Check them out while this thing stagnates or goes lower.
There is little interest here, howbeit that can change quickly. Almost all these OTCBB stock aren't your friends. They need somebody to sell paper to.
Good luck, holding OTCBB long term. Most of them fall apart for many reasons.
There is plenty of time to reenter GTEC if interest rekindles.
I do not wish or saying that it will go below .20, it may or may not. It would probably be a good buying point here .25 - .20), less risk under .20.
Looks like NITE is shorting in anticipation of a possible break below .20.
DPDW.OB and CPST, TSCM look good.
Okay novice, you will learn the hard way.
It's going down, support is fading. You are probably in the red already, and more is coming.
I bet you are holding it at a loss right now and I know I'm not.....not that it matters. I don't call people losers, you try to learn by experiences.
News probably won't move any stock much until the general market turns around.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23558621
Got ammo ready if we go under .20, locked and ready.
They get listed on NASDAQ and I will jump back in.
Right now I waiting for my 23% dividend just declared in JRT.
Go to GTEC board. I don't want to spam here:
You have old information, are you a novice?:
revenue of $76,000,000; GTEC just merge with LJPC as of 10/01/07
Read here, it's all been filed with the SEC:
http://www.genesis-china.net/
Profile of LJPC
For its fiscal year ended June 30, 2007, LJPC reported total revenue of $76,000,000; net income of $22,000,000; total assets of $55,000,000; and cash on hand of $17,000,000. Revenues have grown by an average of 187% over the previous two years, and net income has risen by an average of 748% over the same period, based on research by a U.S. consulting firm and merchant bank, which inspected the LJPC facilities in Laiyang City in September.
I don't think they are crooks or anything like this. It's one thing to form a company and another thing thing to present it to the OTCBB world for investment/trading.
It just a very, very small (what I consider a experimental) company trying to turn into something. The mortality rate for small business is very high.
You need money to make money, and most of these small companies are forced to issue shares or death financing. But every once in a while one of them make it and we tend to look at this and forget of all the ones that didn't.
Hopefully some speculation can get into the stock someway and you guys can get some of your money back.
Really, I never figured it would get this low.....man .003!!!!
The hot penny, NASDAQ traded stock now is CPST.
What I've learned is stay away from companies with less then 10M in revs, preferable you want around 20M.
Look at GTEC.OB has 70M in revs and is profitable, trading at 5 PE. selling at .25. Now this is the kind of OTCBB worth considering.
No I'm not short.
I'm watching this stock for about 1 1/2 to see what finally happens.
I had a position but sold. Studying microcaps. I learn a lot by watching what finally happens.
You can use the stock certificates to line your cat litter box.
I just think it's strange that you keep pumping this thing after it's lost 90% of it's value. Is out of money, headed for a RS, has several death financing, and the price is at .003.
Do you ever suggest selling? Cut your losses?
Bunch of kids or novices here.
I will let you alone, you have lost enough money on this thing and I guess that's enough pain. The chances of you recovering your money lost here is almost nil.
How? Who?.....Not pee shooter retail????
It seems like it is a AMEX or NASDAQ qualified company, that has to go through the process of being listed.
I've found that be objective (you would say negative) has saved me thousands of dollars. I sold at an average of .40. If I would of held on, I've be down thousands.
My positive is that GTEC is worth about .275 cents has good revs and could turn into something big.
But until they get listed they won't get very much respect.