GlobeTel Communications GTE - is no longer valid. It has changed to GTEM.PK

[metro]

GTE at 62% retrace and 2.30 support bo point - will see if it can bounce near here

http://tinyurl.com/ckljr

[metro]

That was part lucky timing yesterday as today's news really shot it up

[Melf Elf]

metro,

Applause for your alert yesterday, and a BIG thank you!

When the .618 retracement to 2.36 didn't hold yesterday, I put in an order to buy at 2.21, the "Parabolic Return" to the trendline breakout.

After yesterday's tank, it made me a bit nervous when GTE was halted for so long this morning.  When it opened and rallied to yesterday's high (2.66), I was real happy to sell it there for a nice 20% profit.

It just traded at 4.00!!      

I still THANK YOU for your alert yesterday afternoon.  That's what's great about this forum.  I  wasn't watching it, and would have missed the trade.

[setravis]

You see what this sucker just did.........

                                 "Happy New Year" !

[setravis]

AP
GlobeTel Inks $600 Million Russian Pact
Friday December 30, 10:41 am ET 
GlobeTel Signs $600 Million Contract to Wire 30 Russian Cities; Shares Soar on News


FORT LAUDERDALE, Fla. (AP) -- GlobeTel Communications Corp., a Pembroke Pines, Fla.-based broadband telephony service provider, said on Friday it signed a contract to install broadband phone services in 30 Russian cities.
Shares of the company spiked on the news, gaining $1.65, or 75.3 percent, to $3.84 in morning trading on the American Stock Exchange. Over the last year, the stock has traded between 45 cents and $5.55, and has more than doubled year-to-date.

Under the agreement with Internafta, GlobeTel will roll out the networks in three stages, with 10 cities in each stage, over the next 27 months. Work will begin in Moscow and St. Petersburg, the company said.

GlobeTel will be paid $600 million in four payments for its work, which includes the installation of Voice over Internet Protocol (VoIP) and DECt (Digital Enhanced Cordless Telecommunications) services.

[Stocksquire]

GTE's news today is HUGE.  I'm in big, and have to think that this stock is going to trend to at least the 52 week high.  Good luck all - and Happy New Years!

[fous]

News like this? gotta love it, Count me in next week unless my AH order of 3.75 goes through...

$600 mil contract on a 300 mil cap company. Theres some potential growth for ya

Happy new years everyone! now go have some fun!

-fousc

[Stocksquire]

GTE is trading higher in Germany today on the Frankfurt exchange:

http://finance.yahoo.com/q?s=GTCA.F

It is currently up 84% at 3,50 Euro

Todays Dollar/Euro rate is 1.18.

At  3,50 Euro, GTE would be trading at  4.13$US (3.50 x 1.18).  Hope this is a sign of tomorrow's trading on the AMEX...

[setravis]

Moving in the pre-market....

GLOBETEL COMMS CORP (AMEX:GTE) Delayed quote data 

Pre-Market (RT-ECN): 4.00  0.32 (+8.70%).......Volume @66,900

[rickjust]

hi,
jumped in at 3.70 today. hoping the 3.60's will be the bottom on this one
maxi

[brandyjoco]

Can someone help me?   Does GTE have a large cup and handle starting from APRIL 05? I'm not sure if it qualifies....

[setravis]

Looking at the chart, IMHO.
This has to much of a V shape. Need more of a rounding bottom, read below.

Cup: The cup should be "U" shaped and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.


Cup with Handle (Continuation)
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.

As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or "rounding bottom". As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.

[fous]

In today near the close at 3.78. Lets see if this ones got legs.

-Support at the gap open of 3.68
-Resitence at 4.00

-Stop loss: close below 3.68 to fill the gap

-Todays candle: Inverted hammer | low reliability bullish reversal

Good luck,
-fousc

[la-onda]

In today near the close at 3.78. Lets see if this ones got legs.

-Support at the gap open of 3.68
-Resitence at 4.00

-Stop loss: close below 3.68 to fill the gap

-Todays candle: Inverted hammer | low reliability bullish reversal

I will try to buy some tomorrow @ the opening

Oliver

[fous]

sold

Closed below 3.68 to fill the gap