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dacollecter
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Short Squeeze in action.
Guangzhou Global Telecom, Inc. Announces Buyin.net Initiates Coverage
Tuesday June 5, 9:00 am ET


GUANGZHOU, China, June 5 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT - News), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced that **********, http://www.********** , is initiating coverage of Guangzhou Global Telecom, Inc. after releasing the latest short sale data on June 4, 2007. From May 15, 2007 to June 4, 2007, approximately 41.5 million total aggregate shares of GZGT have traded for a total dollar value of nearly $93.3 million. The total aggregate number of shares shorted in this time period is approximately 3.2 million shares. The GZGT SqueezeTrigger price of $2.25 is the volume weighted average short price of all short selling in GZGT. The first of several short squeezes began when shares of GZGT closed above $1.93. Approximately 593,000 shares that have been shorted between $1.77 and $1.93 are now out-of-the-money and starting to cover. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.********** .


Month Total Vol. Short Vol Avg. Price Short $ Value

May 15, 2007 404,436 31,142 $1.77 $54,965
May 16, 2007 364,350 28,055 $1.79 $50,288
May 17, 2007 373,800 28,783 $1.82 $52,456
May 18, 2007 458,165 35,279 $1.87 $65,795
May 21, 2007 74,500 5,737 $1.87 $10,713
May 22, 2007 107,200 8,254 $1.86 $15,353
May 23, 2007 89,169 6,866 $1.86 $12,771
May 24, 2007 70,834 5,454 $1.87 $10,186
May 25, 2007 1,228,130 94,566 $1.90 $179,552
May 29, 2007 3,882,566 298,958 $2.02 $605,030
May 30, 2007 7,798,562 600,489 $2.25 $1,351,101
May 31, 2007 9,412,615 724,771 $2.52 $1,828,018
June 1, 2007 12,656,181 974,526 $2.33 $2,271,815
June 4, 2007 4,538,698 349,480 $1.93 $674,496

Total: 41,459,206 3,192,359 $2.25 $7,182,540

-- Short volume is approximated using a proprietary algorithm.
-- Average short price is calculated using a volume-weighted average short
price.
-- Short volume is the total short trade volume and does not account for
covers.

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Stocklord
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Currently at 2.18! Squeeze trigger price in sight! The action is really gonna start heating up on this one. I have seen predictions of 4-6. Now I normally don't aggree when people post predictions. But I have to aggree on that here. Do your own DD.
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dacollecter
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quote:
Originally posted by Stocklord:
Currently at 2.18! Squeeze trigger price in sight! The action is really gonna start heating up on this one. I have seen predictions of 4-6. Now I normally don't aggree when people post predictions. But I have to aggree on that here. Do your own DD.

Getting closer to that $2.25, should get real interesting. Etrade is short and trying to cover from watching the L2.
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dacollecter
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Guangzhou Global Telecom Signs LOI to Acquire 60% Equity Stake in Wangtian Electronic Technology, Ltd.
Thursday June 7, 9:00 am ET


GUANGZHOU, China, June 7 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT - News), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced that it has signed a Letter of Intent ("LOI") with Zhengzhou Wangtian Electronic Technology Ltd. ("Wangtian") to acquire a 60% equity interest in Wangtian by issuing common stock to the shareholders of the company. The exact purchase price will be determined upon completion of the US GAAP audit of Wangtian.
Wangtian is a service provider which provides system integration services to telecom operators, government institutes, education organizations and enterprisers. Its un-audited revenue in 2006 is around US$1 million with net profit of $100,000. During the first 5 months of 2007, the un-audited revenue is around US$500,000 with $50,000 of net profit.

Within 2 weeks after setting up the branch in Zhengzhou, we successfully identified one local partner who is willing to work with us to expand our distribution business in Zhengzhou. The Company believes that this is a critical step in building a strong corporate infrastructure. With the established relationship of Wangtian with local telecom operators and enterprises, the Company will be able to co-operate with local telecom operators with more competitive edge and be able to set up more retail stores to facilitate our expansion objective in Zhengzhou.

As stated in an earlier press release, according to published statistics, the number of mobile phone users in Zhengzhou was approximately 4,527,000 at end of September 2006, roughly 63% of total population of the city. The mobile users increased by 1,010,000 during the nine months ended September 2006, which represents a 30% increase for year to year comparison if projected to the whole year of 2006. According to statistics, the coverage of mobile users in Zhengzhou is only 63%, compared to 93% in other major cities of China.

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RagingBull
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technically i see a double bottom might be a good entry for a trade imo

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a huge fortune will arrive to you once again!

Posts: 657 | From: brooklyn | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
   

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