3SOF

eliteG · May 12, 2006, 12:32:44 AM

Quote from: beroznikmal on May 10, 2006, 08:55:09 PM
wow ur like an oracle...

I better be! Certified Wing Chun Stock Oracle 3rd degree. Only $19.99 for 4th degree but with the market move today .. it may take some time.

prophecy GV:

GV closed up 5.78%.. sure it was higher today but lets attempt to throw that out as weak hands, that needed to be disposed of for the stock to go higher, got out. The market had a huge down day. 2% down is serious and most everybody was in pain. We will not let go of such a quality play so easily. We are looking for GV to get its second wind.

I know a lot of you have been short-term trading GV.. thats great.. as long as you are making money

that is our main goal.. finding opportunity for you guys.

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Position: bought GV @ 1.475 on 4/20/2006
Order: Hold
Exit: n/a
Target: n/a
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calguy · May 12, 2006, 02:43:27 PM

2.09 LOD at this point. This is were it bounced last time, hopefully will do the same here of markets improve on Monday.
Bought back in a little too early at 2.26, but only half of my position. Will add more later depending on how things shake out.
A great pick and great potential, just dealing with terrible market conditions right now.

Loffigus · May 15, 2006, 09:38:46 AM

Ok - so anyone know why the 20% drop in 1 minute?

tokyopua · May 15, 2006, 09:40:03 AM

No news on Yahoo or my etrade screen, hope this is an error, it sucks cause this was the one stock proppoing up a sucky day for me...

eliteG · May 15, 2006, 09:58:04 AM

That quick drop shows undisciplined selling.. or perhaps selling on purpose to create cheaper shares(stop level triggered).. GV should soon find some strong support.

Loffigus · May 15, 2006, 10:00:45 AM

So do you think it is manipulation or just some moron selling 100K shares at market?

la-onda · May 15, 2006, 10:02:59 AM

please remember:
Goldfield Records Strong First Quarter Results
Wednesday, May 10, 2006 16:13 ET

MELBOURNE, Fla., May 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- The Goldfield Corporation (AMEX: GV), a leading provider of electrical construction services in the southeastern United States and a developer of condominiums, today announced, for three months ended March 31, 2006, the strongest operating results in many years:

* Revenue increased 70% to $14.0 million from $8.2 million in the like period of 2005.

* Operating income increased to $1.9 million from $0.2 million in the like period of 2005.

* Net income rose to $1.1 million ($.04 per share) from $0.1 million ($.01 per share) in the like period of 2005.

Commenting on the first quarter results, John H. Sottile, president of Goldfield, said, "Both our electrical construction and real estate development segments contributed to our strongest operating results in many years. In the electrical construction segment, revenue increased to $10.5 million from $7.1 million and operating income more than tripled to $1.8 million from $.6 million. In the real estate development segment, revenue increased to $3.5 million from $1.1 million and operating income almost tripled to $0.9 million from $0.3 million. Electrical construction results benefited from the efficiency of larger projects, and real estate development results benefited from the commencement of revenue recognition for the first phase of our new Pineapple House project."

Looking ahead in 2006, Mr. Sottile commented, "First quarter results get us off to a strong start. At March 31, our electrical construction backlog has increased nearly three-fold to $21.7 million from $7.7 million at the same point in 2005 and our real estate segment's backlog has increased to $12.7 million from $10.5 million at the same point last year. During the balance of 2006, it is currently estimated that substantially all of the electrical construction backlog and approximately 70% of the real estate segment backlog (approximately $9.0 million) will be recognized as revenue. Actual timing of revenue recognition may vary as the result of project delays and other factors."

eliteG · May 15, 2006, 10:06:23 AM

Quote from: Loffigus on May 15, 2006, 10:00:45 AM
So do you think it is manipulation or just some moron selling 100K shares at market?

The symptoms are the same regardless.. and in both cases we want the antidote(support)

tokyopua · May 15, 2006, 10:11:42 AM

Nobody at Yahoo MB has seen any news, and the only theory over there is that it could be related to the comodities drop (either due to program selling for stocks with "gold" in the name, or people who actually bought GV because they thought it was a gold stock). TGB, Taseko mines, got clocked with a similar quick drop almost at the same time, so maybe there could be some validity to this.

In any case, with no news and this kind of drop, I added at 1.93.

basonista · May 15, 2006, 10:19:09 AM

I have also taken advantage of this sudden selloff to get back into GV. Sometimes you have to take advantage when stocks are put on sale to such an extent.

Also bought NXG although I'm not as confident there.

I know gold will start moving up again after this correction but this one could really be volatile (like GV hasn't

.

eliteG · May 15, 2006, 10:20:15 AM

Quote from: tokyopua on May 15, 2006, 10:11:42 AM
Nobody at Yahoo MB has seen any news, and the only theory over there is that it could be related to the comodities drop (either due to program selling for stocks with "gold" in the name, or people who actually bought GV because they thought it was a gold stock). TGB, Taseko mines, got clocked with a similar quick drop almost at the same time, so maybe there could be some validity to this.

In any case, with no news and this kind of drop, I added at 1.93.

"In any case, with no news and this kind of drop, I added at 1.93."

very cool under pressure toky.. have to applaud that

netfishmademerich · May 15, 2006, 10:25:15 AM

Quote from: tokyopua on May 15, 2006, 10:11:42 AM
people who actually bought GV because they thought it was a gold stock

You mean this is not a gold stock!?!? Oh.. the deception!!!

and I just collected another 10K shares thinking it WAS a gold stock. Oh well...

hermanpu · May 15, 2006, 10:30:56 AM

I'll have to sell some body parts soon to buy more GV.
Who needs an extra kidney when you have a billion dollars

Lucas Scott · May 15, 2006, 11:04:48 AM

The quick drop was not so steep if you measure it from Friday's close rather than the gap open. There was no reason for a gap up. That was just undisciplined buying. Followed by undisciplined, but predictable, selling. Makes the chart messy.

tokyopua · May 15, 2006, 01:10:33 PM

Quote from: eliteG on May 15, 2006, 10:20:15 AM
Quote from: tokyopua on May 15, 2006, 10:11:42 AM
Nobody at Yahoo MB has seen any news, and the only theory over there is that it could be related to the comodities drop (either due to program selling for stocks with "gold" in the name, or people who actually bought GV because they thought it was a gold stock). TGB, Taseko mines, got clocked with a similar quick drop almost at the same time, so maybe there could be some validity to this.

In any case, with no news and this kind of drop, I added at 1.93.

"In any case, with no news and this kind of drop, I added at 1.93."

very cool under pressure toky.. have to applaud that

Thanks G, looks like I could have gotten a slightly better price as its now at 1.90, but down this much I have to try to get back up when good stocks are discounted. Have a bid in for CHID at 0.82, and also trying for a bounce play that I got into today on news from ESCL, working nicely so far.

Just trying to get out of this crazy hole the last few days has created, good luck to everyone else who is undoubtedly in the same situation!

News:

GV