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Re: starboy post# 1570

Monday, 05/02/2005 9:10:07 PM

Monday, May 02, 2005 9:10:07 PM

Post# of 44374
Just took a look at Gtel history, haven't been following much, have by buy at .222 and don't plan to sell soon.
starboy I agree, the run down didn't run down.

At any rate the last 15 days show they tried to take it down below .222 Fri 4/22, but monday & tuesday buying, took it back to the level before their play and some.

IMO that was where MMs saw the bottom and are continuing to accumulate at the 23 level before and after. If it does go down again, which I don't expect, I picked .222 the 22nd days HOD, as my buy point. William2112 chart also showed .222 as support low, last week or so. Event though we had a triple bottom at 20, long candle shadows.

But mainly because I don't see the MMs running it down, they would loose what little volume they still have, after that. We all know they want some spec players around for the profit run. So I expect a slow walk down like 2004 for the next 15 days, with a pop here and there to keep interest.

IMO - MAY 15, expect everything will reach Mr Huff's targets then some, but expences will continue to stay a little larger then wanted. The Strathead show & new hires, cost some big bucks.

IMO Shareholders will be happy, but I don't expect a major run on it. It's longs core business news, not the Strathead or exchange move, record breaking run coming.


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