3SOF

Quote from: ScottishTrader on November 06, 2005, 04:35:48 PM
ok having a bit more of a look at the candlesticks, I am getting more bearish on GTE, and seriously considering selling on Monday, although I don't want to as we're still waiting for news.

The problem is this... 
After the runup that peaked at 2.30 on the 24th October, we saw a 2 day pullback, printing a low of 1.85 - presumably health profit taking.  This analysis was confirmed by the nice marobuzo obtained on the 27th, pushing prices to the previous high close.  However, then next day we saw a hanging man, and this was followed by 2 down days, pulling us back to recent support, which is holding at 1.85-1.87.  My concern is that GTE could be forming an imperfect falling three methods http://www.candlesticker.com/Cs89.asp and Monday could be down significantly, confirming that the hanging man was indeed a reversal.

Chart is talking on GTE...i had to get back into this position...just look what has happened to DESC it flew right after the confirmation of Cup with handle
here's the link: http://www.3stocksonfire.org/trading/index.php?topic=1833.105

Yup, me too - me being the fool that I am, sold out yesterday on my plan which was to sell a break of 1.85, and when it did that I was out.  However, this was obviously a mistake, and I corrected this today, buying back in higher.  Bit of a bummer really, a little sudden dip and I was out of a good piece of pie.

Oh well, Terlisa, I like your chart, I hadn't seen the cup n handle, was too focused on the breakdown of the run last week.  And I agree, we should expect good things from GTE in the near future.

http://biz.yahoo.com/bw/051116/20051116005627.html?.v=2

GlobeTel's Wholly Owned Subsidiary Sanswire Networks LLC Announces Successful Demonstration of Military Prototype Airship
Wednesday November 16, 10:24 am ET


FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 16, 2005--GlobeTel Communications Corp. (AMEX:GTE - News) today announced that its wholly-owned subsidiary, Sanswire Networks LLC, has successfully completed its planned demonstration flight of its military prototype airship. The flight consisted of two military prototypes of varied size, both of which were flown for the benefit of a number of approved senior military and national security officials. The flights took place at the Sanswire facility in Palmdale, California, on Nov. 15, 2005.

The design of the military version airship is of a unique and proprietary nature and has been designed to meet specific requirements of certain military and government needs. These airships complement and share much of the underlying technology of the suite of near-space vehicles currently being developed for commercial applications. The airships flown today have been designated "Sky Dragon."

The first flight took place Tuesday morning on November 15th at 10:30 am PST and the second flight occurred later in the day. The airships performed exactly as expected, with exceptional results. The controlled-access event was attended by 25 VIPs, U.S. Government guests representing, among others, the U.S. Air Force, Department of Homeland Security, NASA, the U.S. Navy, the U.S. Army, FEMA, and other distinguished invitees.

Sky Dragon was assembled at the Palmdale facility and test flown multiple times prior to the event. The Sanswire team, together with Sanswire's strategic partners, Dr. Bernd Kroeplin and Tao Technologies, in cooperation with University of Stuttgart in Germany, managed and hosted the demonstration.

Bob Jones, President of Sanswire Networks LLC, commented: "We are extremely pleased with the results of this event. The prototype performed flawlessly and our guests were very pleased with the significant progress that has been made since the platforms were initially presented. The visiting dignitaries also expressed great pleasure at the design and products available in the Sanswire High-Altitude Airship Program. The airships that were demonstrated today were designed specifically for specialized military and governmental applications. A number of senior-level decision makers within the government commented that these successful demonstrations represent mature steps in the evolution of Sanswire's overall airship program; and, I could not be more pleased with their enthusiasm. This event marks our commitment in providing performance and capability to our customers as promised."

Timothy Huff, CEO of GlobeTel, added: "We have made significant strides in our airship program and within our business units, in general. I am pleased that GlobeTel and our subsidiaries are performing as expected and I look forward to the continued acceleration of our business growth. The success of the military version of our high-altitude airship is another important milestone in the evolution of our Sanswire program. I am very pleased, but not surprised, by the successful outcome of this event."

Dr. Kroeplin confirmed as well: "It was an honor to present this technology to our distinguished guests. The response to the technology and the flight demonstration was exciting and very well received. We will continue to develop other types of `specialmission' air vehicles - in cooperation with our partner, Sanswire. I believe there is much we can do in the very near term, which can benefit our world."

Sanswire's military version airships can operate within an altitude range of between 5,000 and 70,000 feet AGL, with varying payloads. A Stratellite, by contrast, is similar to a satellite, but is stationed in the stratosphere rather than in orbit, and operates at an altitude of approximately 13 miles. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area, as well as being able to provide coverage across major rural areas. Sanswire 2 is currently under construction and is expected to be completed and operational, as planned. Several Stratellites linked together have the ability to cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, other telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.

Whoaaa!!! I sold GTE early... well, i deserve it .. no patience sometimes
Goodluck for those still holding..

GTE #1...  "The $1000 contest"

Hey, Terlisa.
I bought it this morning @2.03 after I saw your chart.
Thanks but sorry to hear that you sold it.

Quote from: minkielover on November 17, 2005, 12:09:50 AM
Hey, Terlisa.
I bought it this morning @2.03 after I saw your chart.
Thanks but sorry to hear that you sold it.

Applaud Minkie for making an entry... i think it's going to be good for GTE tomorrow, i might buy it back again.... WAKE UP!!!!! @ pre-market lol

I sold some shares I been holding long at $2.42, a nice gain.  It stalled at resistance so I took some profits.   

Cup with Handle is kicking in
GTE #1...  "The $1000 contest"   40% so far ....see ya Happy Thanksgiving to all

no chart posted here in a while, so here you go.

Nice breakout of 2.50 resistance today, RSI touching 70, but still more upside potential for sure.  This may precipitate more news next week, pushing the pps higher, we'll see.

Review:

1. I didn't like the Ascending Triangle breakout on October 17 enough to play it.  Weak pattern.  After that breakout, GTE went back below the pattern (not unexpected, given the weak pattern), but then it rallied to the 2.12 target, and beyond (got to 2.30)

2. From 2.30, GTE formed another bullish pattern (Falling Wedge), and broke out on November 8.  It came back to test the breakout on November 14, made a low of 1.83, and plenty of buyers stepped in. 

3. November 16, GTE had a third bullish breakout...on nice volume, and the Falling Wedge target of 2.45 was MADE that day.

Current Picture:

GTE has had THREE bullish breakouts, and has MADE two upside targets.

While it could be driven higher toward the 3.53 target IN PLAY purely on fundamentals, technically, its "ahead of itself," with the 50DMA and 200DMA badly inverted.

GTE faces resistance at the 200DMA near 2.80, and further resistance at prior low support from February-May, at 3.00-3.045.  That was strong support.  "Former support "should" act as resistance."

The stock is acting bullish off the September low, no question.  If, however, GTE rallies directly from here into 2.80-3.045 resistance, I would be inclined to "sell into strength," in anticipation of a pullback.  Possibly a fairly sharp pullback, say to support at the last pattern breakout, near 2.25.

If GTE rallies from here to 3.00, that represents a rally of 163% in two months off the 1.14 September low.  If the stock pulls back to the 2.25 area (former resistance "should" be support), that would be a correction of 25%, which wouldn't be unreasonable, given the nice two-month gains.

The weekly chart gives us a broader perspective on the 2.80....then 3.00-3.045 overhead resistance (also known as "overhead supply").

Looking at the area circled in blue, all off those people who haven't yet sold represent a "supply" of sellers.  They all are holding GTE at a loss, at 3.00 on up to 5.53.  As GTE appoaches 3.00, many of them will want to get out of the stock at a break even, a near break even, or at a smaller loss, especially with year end squaring of books approaching.  Some will "sell their losers" (like GTE) to offset gains in other stocks, for tax purposes.

The bottom of the Ichimoku Kinko Hyo "Kumo" (Cloud) is at 2.82, just above 200DMA resistance at 2.80.  We can see "at a glance" that the "cloud of resistance" is from 2.82 to 3.63, exerting downward pressure on the stock as it attempts to move higher toward its pattern target of 3.53.

Damn, I sold this under 2 a couple of week ago b/c of a margin call. 

Do you guys think it is too late to jump in now (Melf)?  I am trying to practice that rule where you buy back good stocks at hugher prices.

The military demonstration gave this Stratalite thing legitimacy.  Alot of people think this was a scam.  Now most believe it is real.  Almost a different stock now.

Quote from: logocovet on November 25, 2005, 06:52:00 PM
Do you guys think it is too late to jump in now (Melf)? 

logocovet,

GTE rallied 16% yesterday, directly into the second level of resistance that we discussed yesterday morning, 3.00-3.045.  It closed at 3.01.

Quote from: Melf Elf on November 25, 2005, 07:32:10 AM
While it could be driven higher toward the 3.53 target IN PLAY purely on fundamentals, technically, its "ahead of itself," with the 50DMA and 200DMA badly inverted.

GTE still could rally from here, directly to the 3.53 target, but...

Quoteand further resistance at prior low support from February-May, at 3.00-3.045. That was strong support. "Former support "should" act as resistance."

After the initial morning rally, GTE traded right in that 3.00-3.045 resistance area from about 11:30AM until the close.   

http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=AMEX:GTE&Interval=5&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9

Quote
I am trying to practice that rule where you buy back good stocks at hugher prices.

The difficulty that I see with doing that here, is that it is "buying at resistance."  While the fundamentals on GTE could end up being strong enough to trump the technicals, in general, we want to "sell at resistance," which is why I said yesterday morning:

QuoteIf, however, GTE rallies directly from here into 2.80-3.045 resistance, I would be inclined to "sell into strength."

"You aren't going to get hurt taking a profit."

Spotted coming, maybe... Head & Shoulders Top...  protect ur profit, goodluck

Just 5 sessions left for the $1000 bucks... GTE is leading the money 83% so far