posted
Any time this dips below .3 is a good time to buy. I'm planning to turn a $20,000 or so investment into a million or two. That's the excitement about GTEL. As I've said before, they are pioneers in this industry, there is only one objective in the long run with this company and that is SUCEED!!! Gitty-Up!!
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d6...You are correct...most trading books, training etc...state to never average down. However....that generally pertains to the big board stocks...in fact most trading experts will tell you to not buy stocks below 15 bucks. The point is, this is a penny stock.....COMPLETELY different game.
-------------------- Raptor----Don't confuse bad luck with bad judgement
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quote:Originally posted by George: Besides I have been on this one since .04 and flipped it many times. I will sell 20,000-30,000 shares after I notice a peak and then buy back at the low usally the next day.
Ah interesting tactic. I must admit though, I don't see the predictability in the chart.
I also have a rule that I don't plan my trades with goals that involve dollar signs, nor do I put more than %20 of my eggs in one basket.
I've got a little less than %20 in GTEL already.
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quote:Originally posted by Raptorsrule: d6...You are correct...most trading books, training etc...state to never average down. However....that generally pertains to the big board stocks...in fact most trading experts will tell you to not buy stocks below 15 bucks. The point is, this is a penny stock.....COMPLETELY different game.
Roger that. And you're right, nothing good to be said about penny stocks in the books.
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posted
If you look at the charts daily you will see a trend of a drop in the morning till about lunch time. It then stays pretty stable until about 2:45 then drops lower to the lowest. then it will recover to the high for the day. USALLY.... but who know what is really going to happen.
-------------------- If all goes well then great, if not, make it work.
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Does anyone have a opinion on the current rsi and bollinger lines.
Raptor said what I think:
d6...You are correct...most trading books, training etc...state to never average down. However....that generally pertains to the big board stocks...in fact most trading experts will tell you to not buy stocks below 15 bucks. The point is, this is a penny stock.....COMPLETELY different game.
-------------------- If all goes well then great, if not, make it work.
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posted
As a matter of fact I lost 20,000 shares doing a flip last month... So it is not fool proof. Like that time I though it had bottomed out so I put a buy in at .145 but it turned north and I chased it back to .16 something.
-------------------- If all goes well then great, if not, make it work.
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posted
Peaser If you turned 20,000.00 into 1mil than your looking at 15.00 per share. Do you think this is possible and if so when. Im in this also and hope to make out good too.
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Alrighty All, While things are a little slow (lunchtime), I thought I would try my first prediction based on TA. I am new to this so I am not recommending anything, just trying to get on record and see if I have learned anything. Looking at the 5day chart with 20, 50, and 200 MAs, RSI, Bollinger Bands and Vol; here is my prediction and justification.
This mornings movement was predictable. Gapping on the open with sound news, but nothing earth shattering, we can expect the pull back. Further the 200, 50, and 20 MA were inverted as the price went up and bounced off the top bollinger. Then we saw the mid-morning recovery were VOL dropped a bit. The 20, 50, and 200 are now moving and starting to stack for a move. Support this with tightening bollingers and steady sidways trading we are seeing a consolidation period. RSI has dropped significantly and is sitting around 50, so we are not overbought at the moment. Barring any news acting as an outside influence, we can hope to see an increase this afternoon. Look for the L2 bid stacking and VOL to signal the move for quick flips when price goes above 30.8. We have the resistance that we have experienced in the .34 range so watch for drops in VOL and a shift to ASKs stacking on the L2 signalling to sell.
I am open to feedback of my TA as this is a learning process and this is a discussion board.
Semper Fi, Phrogger
-------------------- "You cannot play them all, so pick good ones and play them well."
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posted
I think quality of long term ownership is here, should stay.Might be time for some real strong bid pressure that lasts more than a few days.
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posted
There was a comparison done in a previous post, compare SIRI v GTEL, after you look at the charts, just start believing in the possibilities. GTEL can be much bigger than Sirius, XM, any cell phone company, etc. GTEL will eventually go these routes, and they've already got an internet phone program for cheap. GTEL will eventually offer lower prices for all of the above mentioned things I STRONGLY believe. With lower prices and better service to consumers, how many will consume? In less than ten years, I beleive that GTEL can hold a semi-monopoly on wireless communications. And then there is the US Gov't, military, NASA to name a few. And then there's the world market. I have been dreaming about all the possibilities since I came across Globetel. I'm hoping for a greater price than Sirius' high. I can only Imagine....
posted
Yes, .33+ I believe this because we still haven't heard of FAA approval yet. If you're going to buy more, do it before 2:45 today as I believe that the same pattern we saw on Friday at that time will happen today. Anticipation of a big pr between today's close and tomorrow. This pattern may follow all week until news is released. Could see a jump to .4 if FAA approves. Prices will be up and down until the PR.
March 1st - The final inspection of internal systems followed by the installation of the airship outer covering. FAA approval to be obtained before the final cover is applied to Sanswire One.
-------------------- If all goes well then great, if not, make it work.
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