Allstocks.com's Bulletin Board: GETC - Short Squeeze Brewing!

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Posted by Sparky Santos on :

Check out Geotec Thermal Generators (GETC) at around 35 cents, and check out the volume and price spike seen over the past four market days!

The company's in the business of unclogging clogged-up oil & gas wells and to do so it plans to utilize a revolutionary Russian technology it is exclusively licensed to use.

The demand for GETC's services in this hemisphere is huge and growing and the near-term profit potential here is explosive.

But a huge short position on the part of market makers, thought to be in the 3 to 7 million share range, is also adding to the obvious recent interest in these shares.

Sparky thinks these GETC shares are a steal at any price below a buck!

Sparky

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Posted by greatday88 on :

GETC had it largest volume day ever on Tuesday ending with a large move up on the day. Gapped open on Wednesday with a nice pull back during the day, but closing near the high. I beleive GETC had a healthy correction/consolidation on Thursday and closing a couple pennies off the low of the day.

There are many indicators day traders may use to determine if the breakout is solid and will continue. One I find interesting is the 50% rules and this held Wednesday and Thursday.

The close on Thursday was .25 x .27 with last trade at .265. Before opened today, the MMs have moved to .25 x .30

GETC has been consolidating at the upper range after its breakout on volume. This is healthy.

The 50% rule is in play. It is a way to measure the strength when a stock is in a strong up trend.
When you get a wide and volitile candle bar the next day it should never take out more than 50% of the prevous days action.

For the 50% rule not to be violated, GETC could pull back to the 23 cent area.

greatday8

Posted by roatan2 on :

After retracing yesterday, buyers have come back into the stock this AM.

If this buying continues in the afternoon, the stock should be back in the 30s.

Posted by roatan2 on :

GETC: Volume Spike; 59% > 20-adsv, Stock +26.42%

FRIDAY , FEBRUARY 20, 2004 01:29 PM

This is the 1st VOLUME alert for GETC in the past 7 calendar days.

Trading for Geotec Thermal Generators Inc (OTCBB: GETC) has been heavier than usual in today's session. By 13:30 ET, the stock had already traded 271,100 shares via 26 trades. The cumulative volume is 58.79% above its 20-day average of 170,730. Normally the stock experiences around 20 individual trades per session.

So far, today's volume surge has caused a net rise in GETC's stock price. At the time of this alert, the stock was trading at $0.335, up $0.070 (+26.42%).

One year ago, the Company's shares closed at $0.175. The price has gained more than 91 percent since then.

Over the last 10 trading session GETC has traded in a range between $0.110 and $0.350 and is currently trading 20.24% below its 52-week high of $0.420 set on March 25, 2003 and 235.00% above its 52-week low of $0.100 from January 02, 2004.

In the previous 3 sessions, GETC trading has displayed a mixed trend. Closing results have been as follows:

February 19, 2004 --- closed at $0.265 down $0.075 (-22.06%) on 391,500 shares
February 18, 2004 --- closed at $0.340 up $0.040 (+13.33%) on 896,000 shares
February 17, 2004 --- closed at $0.300 up $0.140 (+87.50%) on 966,400 shares

The Company last released news on September 30, 2003:

"Geotec Thermal Generators, Inc. Reports Engineering Development in Ecuador"

GEOTEC THERMAL GENERATORS INC
Geotec Thermal Generators, Inc. has been engaged in operations related to the energy industry. The Company is an emerging oil and gas well treatment company. The Company has obtained a ten-year exclusive license to market and sell a unique oil treatment service to customers in North, Central, and South America. This technology, Gas Generators, is designed to produce a thermo-chemical treatment of oil and gas wells, designed to restore and increase output capacities, thereby enabling increased production of oil.

Posted by glassman on :

GREAT CALL SPARKY!!!!!!!!!!!!!!!!!!!!!!!
up 50% today--LOL

Posted by roatan2 on :

And a new 52 week high for GETC at 0.68.

It's pulled back and should consolidate near the 0.50 area, and ready itself for the next move upwards.