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Re: Danielle- post# 5889

Saturday, 02/19/2005 3:48:37 AM

Saturday, February 19, 2005 3:48:37 AM

Post# of 157299
Danielle, I agree with Rocky about the posted trades "after hours", or in other words, "Zzzzzzzz". In fact, I'm not one to watch trades during the day. Today, I checked the pps about 3 hrs into the trading day, then again about 10 minutes after the close. For now, that's good enough for me. My target price is 50 cents, which basically means that if and when it hits that price, I'll start watching "things" a bit more closely. As for people talking about after hours trading, I posted some prior thoughts about this last night. On these boards, and especially with GTEL heating up these days, some posters like to intimate that a late-posted trade suggests that "someone in the know" is either dumping or loading up after the bell, which is simply a crock. So, to try and inform the misinformed, and also clarify things a bit for myself, I called up Charles Schwab tonight (I've had an account there for 10 years), and spoke with a guy who's a manager in their after hours trading department. He was VERY talkative and full of interesting information about after hours trading. To summarize, OTCBB stocks under $1 very rarely trade after hours, if ever. He pointed out that there are stocks that trade for $20 or more on the OTC, and those were more likely to trade AH, but still a rarity. But one thing he said was for certain, any trades you see posted between 16:00 and 16:15 hrs are NOT after hours trades. He stated that AH trading does not begin until 16:15 hrs, so anything posted before then and after 16:00 is a trade that occurred earlier in the trading day that was simply posted late. Also, he confirmed my comments from last night that those late trades, such as the 2.8M trade from yesterday, was very possibly a large number of independent trades at that particular price that were simply added together and posted as one trade. I asked if those late trades could have even come from the previous day, and he said, unlikely, but yes, possible. Nothing that's going to determine our success or failure with GTEL, but still hopefully clears up some misconceptions concerning trading, both during and after hours...........Remember back when naysayers were claiming that GTEL's pps would never leave the single-digits due to the huge O/S? Not only did GTEL spike 15 cents in one week, the pps is now moving pennies INTRADAY! This week we had a high-low swing of nearly 10 cents during one trading session. This fact, along with the big increase in daily volume/per capita trades (costs you $60,000 to buy "just" 200K shares), says that we could see, IMO, GTEL's pps double in one day, given the right set of circumstances (news). Maybe next week? :) Have a good weekend. Steve

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