-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by Thorn: Weren't we supposed to see something like $4 and beyond a month ago?
no
Well, yeah, you are right. It was back in June or July when they were going to do the launch (or was it earlier, it was delayed I remember). People were saying it was going to soar after the launch. Way too much hype. Sorry for the pessimism, but I think $4 is questionable at this point, based on past history.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by Thorn: Weren't we supposed to see something like $4 and beyond a month ago?
no
Well, yeah, you are right. It was back in June or July when they were going to do the launch (or was it earlier, it was delayed I remember). People were saying it was going to soar after the launch. Way too much hype. Sorry for the pessimism, but I think $4 is questionable at this point, based on past history.
No reason to apologize. You seem to have a pessimistic/skeptical approach to most stocks in which you are involved, even those in which you have no position or interest as well. But that just seems to be your trading style. The shareprice has already been over $4 but has declined due to a delay in the test flights of the Stratellites. But with the impending test flights of the Military prototype and also the Sanswire 2 commercial demonstrator, $4 will be easily eclipsed with successful flights. GTE already has LOI's for Stratellites in place that will be executed after successful flight testing of the Stratellites. All told, the LOI's number into the hundreds of millions of dollars. So $4 would be but a drop in the bucket in as far as share price if the technology proves itself out IMO.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Ah. I think it is just that I do not push a stock, so the only time I post is when I have doubts or concerns. I guess that does make me look a bit one-sided.
So, with that...I think GTE is a great company, but I'm more conservative about its immediate future after what happened when they first showed the prototype. In the long run, of course, it is gold.
Thanks for your reply, and glty.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
Um, one minor point: the stock has never reached $4. Have you just recently started tracking this stock? The only reason the chart shows "$4" is because the pps has been adjusted for the recent r/s.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by Thorn: Um, one minor point: the stock has never reached $4. Have you just recently started tracking this stock? The only reason the chart shows "$4" is because the pps has been adjusted for the recent r/s.
Umm..your wrong. It went to $4.05 the day of the R/S(5/23/05). GTE opened at $4.04 the day after the R/S(5/24/05). I have been tracking GTEL/GTE for about a year. Your research really needs to be a little more thorough.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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<jps>
unregistered
posted
I think it is time to swing again!
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posted
Again, I repeat, it had never REACHED $4. It was CONVERTED to $4. Is that clear enough for ya? Maybe it is your research that is lacking (if you want to get nasty about it)?
In fact, it declined quite a bit after the r/s, but never went back up to $4.
You can go ahead and ignore the history of the stock, but in fact the planned launch, the revealing of the prototype, etc. has all been a big disappointment (and was reflected by stockholders by a drop in pps). I won't be getting excited about any forcasted "launch" due to that.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by Thorn: Again, I repeat, it had never REACHED $4. It was CONVERTED to $4. Is that clear enough for ya? Maybe it is your research that is lacking (if you want to get nasty about it)?
It did reach over $4.00 because I sold some at $3.95. It was not converted to $4.00 due to R/S. Ask Glassman or anyone else who held at the time. It is clear you did not have any shares at the time or you would know it went over $4.00. Is that clear enough for you?
PS: Not being nasty, just pointed out your research is faulty.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Technically, it went to $4. Realisticallly, that was a very brief moment, and it got there because of the r/s. You think that just because the stock was at $4 after the r/s that it is signficant? No, the facts are that the stock was over-inflated at that price. You can play your game of nit-picking, but it won't save you in the end. If you disagree, then I guess all the stockholders who let it go down were wrong, eh?
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
You consider facts to be nitpicking? That says all anyone needs to know about you. GLTY
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Pagan, you could benefit from looking at the bigger picture. You could also benefit from talking about the facts instead of what anyone needs to know about me. I could care less what you or anyone else thinks of me, but $4 is not a reasonable target unless you are pumping. I think that is exactly what you are doing.
Of course, we only have to wait a "few weeks" to see, right?
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
I have never pumped this stock, nor any other stock. The facts are simple. You said it was never above $4, I said it was(and it was). I never attached any signifigance to $4. Peaser called for the over $4. I just responded to your posts with the reasons why it could surpass $4 again with successful test flights and fruition of LOI contracts. Guess that makes me a pumper huh? LOL.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Um, I didn't say it was never above $4. I said it has never reached $4. It was already there. Why is this insigificant detail so important? You are making this into a debate about minute details and character, whereas all I am saying is that I have doubts about it going to $4 in such a short time, based on the past history. It might happen, but this is not the first time I've heard pre-launch "hype" only to have it not happen.
And whether intentional or not, you are a pumper:
quote:But with the impending test flights of the Military prototype and also the Sanswire 2 commercial demonstrator, $4 will be easily eclipsed with successful flights. GTE already has LOI's for Stratellites in place that will be executed after successful flight testing of the Stratellites. All told, the LOI's number into the hundreds of millions of dollars. So $4 would be but a drop in the bucket in as far as share price if the technology proves itself out IMO.
Hope that is the case, but I'm not going to trust to the hype.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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<jps>
unregistered
posted
Oh brother!
Anyway, it continues to decline. Hope others are swinging. I'll probably get back in at 1.91.
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posted
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-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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imakmony2005
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posted
been in and out of this for a long time hit four then r/s and down we go.
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quote:Originally posted by Thorn: Technically, it went to $4. Realisticallly, that was a very brief moment, and it got there because of the r/s. You think that just because the stock was at $4 after the r/s that it is signficant? No, the facts are that the stock was over-inflated at that price. You can play your game of nit-picking, but it won't save you in the end. If you disagree, then I guess all the stockholders who let it go down were wrong, eh?
He is right....if you divide $4.00 by 15 which was 15 shares = 1 share....then $4.00/15= $0.26 which is about what it was selling for when it occured. Either way, who really cares....I dumped $12,250 at $1.59 a share average over the past 3 months. I'm holding until it hits $5.00 range....then I'll probably dump half....and hold the rest for LONG position...as in 5 years.
I can't wait for the stratelite to be launched....I'll dump another $10,000 in when it does and make a few plays.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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posted
**********: BOT, CAL, GTE, IMMU, MBND, OCA Have Been Added To Naked Short Lists Today
Nov 01, 2005 (M2 PRESSWIRE via COMTEX) -- www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. CBOT Holdings (NYSE: BOT), Continental Airlines (NYSE: CAL), GlobeTel Communications Corp. (AMEX: GTE), Immunomedics, Inc. (NASDAQ: IMMU), Multiband Corp. (NASDAQ: MBND) and OCA, Inc. (NYSE: OCA). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********/squeezetrigger.pdf .
GlobeTel Communications Corp. (AMEX: GTE) provides telecommunication services. Its services involve Internet telephony using Voice over Internet Protocol (VoIP) equipment. The company's core products and services comprise telephony services that include international wholesale carrier traffic; networks; and prepaid calling services and IP Telephony. It offers prepaid calling services, which allow carrier customers and reseller customers to sell their own branded prepaid calling cards and allow their customers to make both domestic and international calls; and IP Telephony services, including conference calling, call forwarding, emergency services, voice mail, and multiple lines. GlobeTel provides nontelephony products and services, which include stored value card programs and outsourced stored value services for the international banking and telecommunications community. It also provides network management services to customers, which includes testing routes, troubleshooting, and service requests. In addition, the company develops a national wireless broadband network utilizing high-altitude airships called Stratellites, which are used to provide wireless voice, video, and data services. GlobeTel has virtual networks serving callers in Venezuela, the United Kingdom, Australia, China, Philippines, and Malaysia; and physical networks serving customers in Hong Kong, Brazil, and Mexico. The company is based in Pembroke Pines, Florida. With 77.11 million shares outstanding and 3.55 million shares declared short as of October 11th, there is a failure to deliver in shares of GTE.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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quote:Originally posted by <mlewis>: Anyone know when they will report earnings?
They are scheduled to report 3Q before Nov 14th. They were going to report earlier, but there HQ offices in Pembroke Pines,FL have been without power due to Wilma and it has pushed back the release date per GTE IR dept.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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<mlewis>
unregistered
posted
BOT, CAL, GTE, IMMU, MBND, OCA Have Been Added To Naked Short Lists Today
posted
It should cause the GTE market to tighten a bit. Possibly cause some shorts to cover.
One of the primary goals of Regulation SHO is to address potential abuses in the practice of naked short selling, which is the act of short selling without actually confirming that shares have been borrowed. The regulation addresses this issue by including two main short sale requirements: the "locate" and "close-out" requirements. The locate requirement is placed on broker-dealers to reasonably assure that there are in fact shares to borrow to be short sold. The close-out requirement is also placed on broker-dealers to close out positions in securities if the position has failed to be delivered or returned for an extended period.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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