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Re: Pagan post# 38158

Monday, 09/08/2008 10:56:07 PM

Monday, September 08, 2008 10:56:07 PM

Post# of 44374
Pagan: Good question, and I answer only for myself, as my holding position may differ widely from others'. I don't hold a large position, it's made up from disposable cash, and the majority of my shares were bought in the .04-.07 range. While there's nothing in the boring short-term TA to indicate a boost worth selling into, there are moments in the trading history like last July's rise from .045 to .10, and the usual annual Christmas Holiday boost, like the one in Dec. '07 from .27 to .72, which make it worth accumulating shares at the lows (nowadays) for a tidy profit when those high moments come.
For those fewer shares which I bought at a higher price, and which I plan to hold longer-term, it's not so much GTEM's present TA which is guiding me to hold them, rather it's the long-term general market bull/bear cycle which I'm using for guidance, and with the new 9-year bull market about to begin come Oct. 16, 2008, it's worth waiting a few years for the inevitable general upsweep which will carry GTEM (or whatever the new symbol for Sanswire will be) up along with it for a profitable sale of those shares at a much higher price than I bought them at. I'm in no hurry to cash in, and it's well worth the wait. I had a similar experience in the late '90s (during which the last 9-year bull market occurred) when I bought lots of shares of CNKT at .50 or so, and the company and TA were in about the same position as GTEM is in now, and one fine late November morning in '98 or '99 (I forgot which), there was a ridiculously high tech rally, and CNKT rose to an awesome $13 per share. Needless to say, I was quite delighted! Ever since then, I've been determined to gather shares at their lows during the 9-year bear market, and sell them high during the 9-year bull market...the patience pays off handsomely. I'm not saying this will definitely happen to GTEM, but I'm not saying it couldn't happen to GTEM, either. I'm personally willing to take the chance or risk, as I have little to lose and a lot to gain at this point.
So while the present short-term GTEM TA doesn't look very promising (except as a long-term buying opportunity), it's the longer-term TA of the general market that I'm optimistic about, and that's my point of view. Everyone should do their own DD.

nilremerlin


New long-term bull market from Oct. 16, 2008 to Feb. 5, 2018
http://stariq.com/marketweek.htm

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