3SOF

Thanks

Is hitting some resistance right around 1.67-1.68 right now, my close out is a pullback to below 1.60, but I do hope it can hold!!

Let's see if GTE has legs....

Well, it looks like you are right for now - GTE has hit some serious resistance and is bogged down at 1.66.  Not sure if it will go any higher today.

However there is some news expected this week, and doing abit more research on thee story of GTE, it sounds like they are financially sound, very investor aware, and set to do some good things in the near future.

I will maintain my hold above 1.60 for now.

Great day for GTE today - nice break out above resistance at 1.60, which it held comfortably (in fact there was a little too little movement during the day for my liking??) but pushed up at the end to close at 1.72.  As Melf Elf has noted, we are in the cloudy land of resistance, but if it can barrel on through this week and hold above 1.60, which is also the 50 MA, I think it should be in for a solid ride.  There is a military demonstration of their airship technology at the end of this week that may raise some eyebrows, but as I mentioned before, I think GTE is set for takeoff, and there could even be a possible G-play in the offing, if volume holds up tomorrow.

Let's wait and see, I leave the chart, which I think is quite nice 

Scotsman,

After the breakout, GTE immediately formed a H&S Top. The high was 1.74.  Neckline was 1.65.

1.74-165 = 0.09 points

1.65 Neckline - 0.09 = Target: 1.56, which was just printed. 

I'll say it for you:  Pain in the butt!

http://chart.etrade.com/graphs/NOW.GTE.d07.gif

yep, you called it 

Well, I just sold out at 1.57 - knowing me it will make a pullback after reaching its target, but I think your original analysis may be bang on - GTE could see further pullback, just like AKS and then may give it another go.  Man today has not been a good day

Quote from: ScottishTrader on October 18, 2005, 03:06:39 PM
yep, you called it 

It was more a case of...

Quote2. If I played it and lost money, I'd want to kick my own butt for playing a stock that is in a strong downtrend, and is headed into immediate overhead resistance.

I have to pass on this one. 

Sorry that it didn't work out for you, Scotsman, darn it. 

Quote

Quote

Well After the failed breakout earlier in the week, Globetel confirmed it today after a very solid upside move yesterday.  The bummer is that I had already sold out, as per our discussion melf elf. 

So I got back in yesterday @ 1.78, and am looking to ride this up the new ascending trendline.  It appears that GTE has some strong momentum, with big volume on the up days and small volume on the pullbacks - says to me that this is a solid reversal of the recent downtrend.

Resistance around 1.90 is holding it back for now, but a break through 2.00 should see it really start to move.

GTE is on Fire this morning 

Up over 13% in the first 15 mins of trading - may pull back a bit but is continuing its strong breakout!!

Yee ha!

Bought at the open today.   I was waiting for this to pull back but it just wouldn't.  Hope I don't regret it as I've always been burned when I chase a stock.   

GTE recently filed a grievance with the SEC saying that it's stock was being manupulated.  This could account for its recent stock price rise.  Usually, when a company says that it's stock price is low because of manipulation or shorts, it is a red flag.  This time, it actually could be valid.  One of the big question marks about this stock was claims that the Stratalite was a hoax.  Hopefully, the presentation to the DOD will finally put that rumor to rest.

well if you got in below 2.00, then I think it should be all good.  1.90-2.00 was the resistance zone, and should now provide support.  Resistance now around 2.20 as far as I can tell.  Here's to hoping it can consolidate today's gain and push on through. We now stand at 2.13. Glad you joined the party 

GTE is dropping today.. Is it trying to correct itself technically.

Any comments.

- Dhiraj

looks like some profit taking first thing as it didn't really push on from the last 3 days gains.  But is holding right now around 2.03-2.04.  Buy and sell volume look pretty even.

We shall see, but I think it should hold above 2.00 and push up again.  I may sell if it looks like it will go below 2, for a better entry.

It has dropped to 1.89 and is going low.

- Dhiraj

yeah it dropped like a rock down there first thing, certainly nothing I could do about it, as I was slightly distracted by HEB this am.  But I think it looks like a technical retracement from an overbought situation at present.  I'm going to hold with this ascending trendline for now and see where GTE goes over coming days.

Hope this helps

Well GTE closed today at 1.87, and I'm gutted with myself, as I've got to learn to take profits.  The signal was there when the RSI hit 70 and started to pull back.  Was up over 20% on this and GIGA yesterday, and now am scraping profit Argh!! 

Anyway, the best thing to do is not get emotional, stick to my trading plan and hold for a close above 1.75, which is where I see the trendline on the linear chart tomorrow.  Hopefully we'll hammer a bottom on the trendline like  we have had before, and this will push it back up again.

Here's to hammers