3SOF

I think gateway is a good company.  Missed earnings last time around - then tanked.  But I think they still have potential.  Keep on watch

Huge surge in volume today - 12,000,000.  Avg volume 5-6,000,000.  And it's up.  Someones buying.

In at $3.25.

I don´t know how to put a chart here.
But I think GTW could be ready for a breakout any day.
On my watchlist, waiting for a dayli close above the 38 SMA.
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=gtw&time=&freq=
Any thoughts?

GTW is breaking through the daily 38 SMA right now.

So I bought at 3,42.

GTW is a turnaroundstory, if they get profitable, what I assume, it will easy double.

http://finance.yahoo.com/q/ks?s=GTW

GTW closed yesterday up 4,49%  at 3,49 at the daily 50 SMA, which may be a short time resitance.

My target for GTW: 5$

Lu got 500 million contract today and GTW got a 250 million contract few days back. I think these 2 are next to fly. Let me know your views

I sold GTW yesterday, think we´ll see a pullback to daily EMA 50 = ~ 3,50$.
Long term bullish.

LU resistance at 3,2 and 3,4. I, m intermediate bullish.

therman

Is GTW oversold at $2.67??? Do sales pick up around Christmas???Why was Bill Gates at their new notebook presentation???

I figured i would create a board to track the progress of my contest pick. Im not sure how David and Rams are gonna track the results yet but i would like to get others opinions about this pick as well being as you can't reply to posts on the contest picking board.

1) My stock pick GTW    
   Gateway Inc

2) Earnings for the quarter were just recently released for GTW (the #3 computer company in the world) with profits of $15.1 million(4 cents/share) on 1.02 billion in revenue(highest quarterly revs of the year so far). During the same quarter last year GTW lost $59 million(-16 cents/share) on 915 million in revenues. Looks like GTW could be getting back up on its feet.

-Gateway Closes Three Major Federal Deals Valued at More Than $20 Million
Gateway Secures Contracts with the Social Security Administration, Department of the Interior and Department of Defense Dependents Schools for Products and Services
10/24/2005 8:01:46 AM

-Gateway Expands Retail Distribution Through Telnor, Baja Mexico's Leading Telephone Company
10/25/2005 8:02:19 AM

-California Highway Patrol Nabs Gateway's Convertible Notebooks(1.7million contract)
Gateway Selected for Its Unmatched Customer Service and Willingness to Meet the Organization's Unique Challenges
10/19/2005 8:02:13 AM

getting some attention:



TA:
GTW's long term price action is forming a farily large descending wedge. Might i add that today price action broke out of an ascending triangle with a price target that will break me out  of this wedge which would be very bullish. The triangle breakout gives me a target of 3.34 wich also puts me in uncharted territory hopedfully to fill that ugly gap. If volume picks up and some momentum gets goin i think i could see that gap closed especailly with the positive outlook financially for GTW as well as being able to get it at a bargain price.

3) Chart:


Good luck all contestents!

may the best trader win (or luckiest  )

-fousc

Todays updated chart:

Hopefully price action will break out of that large descending wedge on Monday. What a great way to start to contest that would be  .

-fousc

Had a break of that long term ascending wedge today, though it wasn't  on very strong price action. Though this will attract the attention of technical traders, increasing buy pressure.

-fousc

Had a break of that long term ascending wedge today, though it wasn't  on very strong price action. Though this will attract the attention of technical traders, increasing buy pressure.

-fousc

Gateway continues to show some resistance to go up, although that my opinion is that this share is cheap at these levels, because this company is turning to a profit again and growing fast, the only problem of this downtrend I think is related with the Insider Sellers. The company reported a net income of $15.1 million in the third quarter, compared with a $59 million dollar loss in the same period a year before. Gateway also grew 35% in the third quarter in terms of unit shipments, a reversal of the situation a few years ago when Gateway shipments steadily dropped every quarter. The new notebooks come as Gateway is setting out to expand into the corporate market. At present, the company serves mostly consumers and, in the business segment, small businesses, government agencies and schools. During the 2006 Consumer Electronics Show GTW has informed that is is planning to bring high-performance consumer desktop PCs that support Intel® Viiv(TM) Technology to market this quarter. The next generation of Gateway PCs will deliver vast performance and digital media benefits for entertainment and productivity, including next-generation graphics, home-theater-quality audio and enhanced entertainment capabilities.

Average of short term Indicators : HOLD

Gateway is really a real hope, as I have mentioned last week!!!
During this week , Gateway up more than 8% and breakout the medium downtrend line, so from here we only have one way to go , UP !!! perhaps close the Gap. who knows !!!
Also on Thursday Gateway have informed the market that have refreshed its notebook line with new models featuring the new Intel® Centrino® Duo mobile technology platform, giving customers the very latest in mobile performance. In addition to the performance enhancements, the new systems feature thin and lightweight designs, long battery life and advanced data, theft and Internet security.
According to the chart above we can see many Bullish Indicators ( RSI + MACD ), however we can have some psychological resistance to break the 3$ level, but I think that will be fast and easy.
The stock is now above the MM50
Resistances : 3.09 and 3.26 Support : 2.85
Also during this week Forbes have upgraded the score for Gateway to 3