This may not be TA for GTE, and if so, Mide please move or delete, but in my mind it is in an abstract way.
I am very concerned. My gut feeling is that charts and TA will have no role in GTE SP in the next 20 days. I am starting to believe now that the Russian PR in Dec. was a big mistake for Huff. As a year plus long I am concerned. I want to stay long because of the Strat. It's the reason I got into this stock and its the reason I've stayed. (And stayed because I knew it would take years to get the FAA approval, design right etc.)
My concern again, is this Russian PR. So many investors are just waiting for Feb 28th. Why do this to your investing community? IMO, I would be putting out lots of information to my investors every step of the way. That way the prices stays relatively controlled rather than an explosion up or down.
IMO we should be hearing about new hires at GTE re: Russian project. The public JV company being setup and the major steps along the way.
Also, why have a big lump sum payment. How about letting GTE start purchasing product and bill the Internafta? Where is the news about that.
My personal feeling at this point is that I think the Russian deal is sketchy and probably not going to happen on the scale outlined or at all. Just my gut feeling here folks. And I am not bothered by it being sketchy, hey I've seen a ton of great scores/deals go down the drain and that's business but everything in the last year or so seems about the next new deal and then we don't hear about it again. ( didn't have time to research dates but off the top of my head can think of...The columbian deal, phillipines, Japan, Germany) Again, I am not bashing I am just getting to the point where I need to be asking questions to see if my money is in the right place.
I believe GTE is into enough other things to maintain the SP but the way this was and is being handled could really kill things.
Mr. Huff, please start communicating now. Please care about your investors. Don't PR for PR's sake, and don't PR for SP sake. Please tell us if the deal is bust, or tell us what progress has been made and please don't have it done through a third party journalist's interview.
