Replies to post #2648 on Naz News, Gappers and FLE''s

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of course Transat 5, love to have you stop by anytime,

on GTE, I was thinking exactly the same thing about it today

it did a reverse split in May, and then joined the Amex,

will look at it a little harder and put up a chart later on this evening...

[iconoclassic]

Hey Transat 5, on GTE, glad you asked me to look at this...

The TA is easy here, just kinda overall bearish. I put the weekly chart below as well as the daily. PPS doesn’t seem to be able to get above the 200dma. The resistance area at 2.60/2.75 is strong, and the support below is relatively weak.

Quickie DD does not reveal very many positives, the price/sales is 3.88 and the price/book is 62.37...pretty horrendous.

I suspect that the news was simply not enough to overcome these fundamental deficiencies. That said, we both know that the sorriest POS can run big regardless, if the news is strong enough...


But really, you may be right about manipulation, look at all the form 144’s that are lined up and ready to go. I don’t see any actual sales lately though, just a few small purchases. Check me on these and let me know what you think, because it is making me wonder.

AND, did you see the news out tonight?

http://biz.yahoo.com/bw/050714/145665.html?.v=1

Lots going on here, will be interesting to see what happens, but I suspect it will have a good day, at least to start with...