Posted by: mide
In reply to: None Date:5/27/2005 7:16:07 PM
Post #11996 of 12000
Odds and ends for a long weekend...
Current observations and some linked posts I made on RB board that still seem appropriate, perhaps, for consideration.
We survived the R/Split just Jim Dandy and still have a horse in the middle of the current channel established on 4/13 between 3.25 ish and 4.00 ish (.217-.266 for those BB challenged) at a healthy 3.78 power buy close today...actually about 2/3rd's up into the channel and .14 up off the transfer price....not bad in a topping overall market, considering the doom and gloom so many on RB board predicted.
I've had a chance to review all the fine posts here, and one as a trader/investor that struck me (name I can't recall) was the person who lamented that they wished the "Cash Cow" would return. I am not sure exactly what they were referring to...as the trade spreads and buy and sell profit opportunities remain exactly the same pre and post split. Yes, this stock is a wonderful "cash cow" now and then for a market timer, who understands "channel" trading.
For several 'hindsight' lookie loos, this stock has been a goldmine for hedge fund traders, and swift (actually did not have to be that swift) traders. From 2/10 -4/13 or about 60 days, this stock traded in a post split 3.50 to 5.40 channel. That's a 54% gain long or short trade. It made that swing 3 times in 60 days. One side of that trade alone could have made anyone 150% return in 60 days..both sides 300% return.
Currently, we are in a 3.25 - 4.00 channel established 4/13 and still running through 5/27 today...about 45 days...and have had two cycle highs and lows each side at 23% return or a 92% return on both sides of trade...not shabby.
IOW..It doesn't matter if it's BB or AMEX...the ROI is a constant.
What seems to jiggle it within the channel is minor news..(ala..Bell ringin stuff, earnings that are nice, but not there yet, Forbes article). What seems to move it out of a channel is news of import (ala..failed to show airship aloft) or extremely emminent anticipation of some major event (ala launch). Otherwise, it sits in a contolled trading channel. (That time frame appears to be 45-60 days so far).
Prior comment on RB board on Forbes article: ( to this)
<Bottom Line: High-altitude platforms will probably find some use providing broadband to rural and developing areas, as well as to disconnected areas like battlefields and disaster areas, but they're unlikely to break out of that niche.> http://ragingbull.lycos.com/mboard/boards.cgi?board=GTE&read=5817
One thing I have noted on move to AMEX, is the trades are interestingly spread across a number of exchanges, and that the AMEX specialist bids and asks tend to "collar" the bids outside the other exchanges. Kinda ropin' em in, unless the avalanche of volume overwhelms them, one way or the other.
Comment prior link on RB board: http://ragingbull.lycos.com/mboard/boards.cgi?board=GTE&read=3878
And a comment regarding market makers in switch to AMEX from BB: http://ragingbull.lycos.com/mboard/boards.cgi?board=GTE&read=5574
Patience is the watch word.
Have a great weekend all.