Techbear
IMO mide's post calling attention to the entrance of hedge traders couldn't have been timed better. Post# 2728 The next day we saw the trade sizes that institutions and hedge fund traders make, with over 2 mill volume. IMO they are here now and the 290K may have been them settling for the days work.
The 1/2 in one day drop in volume shows me, institutions have their postiions and hedge traders working the retail player system. So now we can start to swing GTE again, with less concern of the bottom falling on a MM extended walk down. Remember hedge fund traders want to make money, not accumulate shares. They tend to turn their inventory over again & again, in a channel.
At any rate this is my new plan for GTE and we'll see how it works going forward.
I'm watching for an accumulation channel to form into the summer Test period. Expect a pop play with Q2 release, with a return to this channel. IMO mide has already found the way to make money with GTE. Play the big guys plays, which IMO will be this 50 cent 20% channel. In 2004 I played a 2 cent channel 8 times! So now it's a 50 cent channel! LOL We're in the BIG time now. LOL
In today for my 1st swing trade play on GTE! Sell profit target $3.36, Sell loss target $2.53. As I mentioned IMO $2.80 will become new support level. The lump is Looong!
http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind! 
