World Surveillance Group Inc (fka WSGI)

[lowtrade]

Finally some shareholder strength! Aprox 3.5 mil traded in last hour, Aprox 800 k were block trades 20% down from $3.50 accumulation area.

IMO shorts covered 800k at $2.80 & below and shareholders supported stock by eating up 2 mill, lower. IMO

All while the ask showed huge selling pressure. over the buying pressure. Yet the bottom was stopped around a 15% dip.

All this told me we saw some strong support with good short covering. But PPs held due to support.

All this was ruff eyeballing. But the pattern was as described.

I expect the EOD to walk down as the big guys stop playing. But do not expect PPs to settle below $2.50 dive bottom.

Watch for next accumulation for new short box top. They got 10% the past 2 days, to 20% climax, at 11am to noon today.

All opinions, based on distribution/accumulation areas and block order closes. NO facts involved in this opinion, just trading evaluaton.

The fact is longs & swing traders are not making money and shorts & day traders are.

I expect new swing open lower, down the road. With all the unanswered questions ahead. Before business execution announcements create another run. Because GTE still trades on PR's & emotion. Sad but true, GTE stock gets no respect. But shareholders seem to be becoming stronger in their support.

Now all we need is to see some sign from management their business plan includes/requires stock support. That won't happen until the company needs more cash. IMO And if wimax business sector & Indian money card create rev's, they won't need cash. So I don't see any change in GTE stock volatility in the near term, 2006.

Learn to swing or short. And hold a lump if you believe. But IMO don't invest retirement money this year. 2007 will be the year for stock stability.