Replies to post #11422 on World Surveillance Group Inc (fka WSGI)

[rtb_all_american]

i don't think you could be more right on and totally agree with you. also pulling up some 3 year trendlines to see the resistance on all the highs, guessing it's up there in the double digits or close, even by next week but can break that easily. I love pulling up charts like HANS and BOOM to get me focused on what a stock can actually do when it's growing fast. thanks laptop for that great input!!

[Braden32601]

lap-I agree a reasonable value puts us around $8..We will take out $4 Tues imo and take new new 52 week high very sooon imo over $5...then on to $8+ imo...the unbelievable thing is that is with NO OTHER DEALS, and we know there WILL BE MORE!!!

[techisbest]

You call yourself a TA board and now TA is useless because of the news? Give me a break.

TA must still be used to figure out what the price will do next.

TA shows that the price rise on Friday was haulted at the prior high and finished the day on the downward trendline off that high (the shallow trendline before the bottom fell out).

That trendline can also be extended to the high in the $5.00 range of last February.

So it is that downward trendline and the high of last year that is in play. Closing above the trendline is good. Closing above last year's high is better.

The smart money will continue to evaluate what this deal means for GTE in the short term. Already investors are realizing that there will not be much profit until after the buildout of the network. And until there is money in the bank to start the project it is still counting unhatched eggs to see the $600 million as a sure thing.

I expect some initial euphoria by the starry eyed (plenty on this board). Then the market will settle this into a pattern either above or below the marks mentioned earlier. That will determine which way the price movement will go in the intermediate term.

It will be very interesting to see if the $5.00 mark can be broken and held. I'm thinking it will take more positive news, on either the Russian deal or the Stratellite progress, for that to happen. But the moves between where the price stands and $5.00 could be volatile once $4.00 holds.

Right now, the chart still says consolidation below $4.00.

http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[m,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9...

Sure would be nice to see this board remain a bit more focused on TA.