Allstocks.com's Bulletin Board: GLBT: Thoughts?

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Posted by karmavore on :

I'm way upside down on this bad boy. Got in at ~.17 and ~.12. Any thoughs on where it's headed?

Luke.

Posted by Billy on :

quote:
Originally posted by karmavore:
I'm way upside down on this bad boy. Got in at ~.17 and ~.12. Any thoughs on where it's headed?
Luke.

Luke I got in at .077 I had a good profit but it has got back down to where i got in. I'm in a lot better shape than you are, but i have to believe that it will make us some money before long. It just had too much good news in Dec. If it gets down around .075 i am going to buy some more. I'm not talking about a lot anyway. I have only 5,000 shares. Have you looked at GTEL. I bought in at .036 it is at .12 now. I just don't have enough stock in it.

GL
Billy

[This message has been edited by Billy (edited January 28, 2004).]

Posted by rajarammx on :

Well if you look at the charts...
http://stockcharts.com/def/servlet/SC.web?c=GLBT,uu[m,a]daclyyay[da][pb5!b10][vc60][iUp66,5,3!Lg]&pref=G

GLBT is going to be sidetrading around this PPS for a while. We still do not know where the support is. Today it went to 0.078.

Obviously, the 4 billion O/S addition & the 15 billion A/S has had a very big effect on this stock, & also limits the target it can reach. Unless it does an R/S it should not get to $1 (I say should not since the psychological hype runs are not predictable).

I think it will get back to 0.20 but a good earning PR is required to jump start the run.

Once it hit 0.20 (being optimistic) I will evaluate whether to completely get out or ride with free shares.

On the other hand the company has had a lot of activity in the last 2-3 months which is actually very positive.

I guess now patience is the key. It is not easy to understand why Mark (CEO) cancelled the R/S (150-1) couple of months ago & decided to issue shares. The shares are required to finance everything going on with this company.

GLTA

Posted by realityinc21 on :

quote:
Originally posted by karmavore:
I'm way upside down on this bad boy. Got in at ~.17 and ~.12. Any thoughs on where it's headed?
Luke.

THIS COULD BE SOME OF THE PROBLEM!! I DO NOT FOLLOW THE STOCK.

GOOD LUCK TRADING

WASHINGTON (Dow Jones)--GlobalNet Corp. (GLBT) said it agreed to a
settlement over a $1.5 million promissory note owed to Titan Corp. (TTN), according
to a filing Friday with the Securities and Exchange Commission.

The balance of the original note was due Dec. 17, 2003, and the
parties agreed to a settlement Dec. 29, according to the filing.

Under the terms of the amended note, GlobalNet owes Titan $1.25
million, payable $25,000 a week and the balance on March 31, without
interest.

-By Carrie DeLeon; Dow Jones Newswires; 202-862-1350

(END) Dow Jones Newswires

01-02-04 1222ET- - 12 22 PM EST 01-02-04

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