quote:Originally posted by B-Man: Well I hope you get there, I am stuck at the 3.20 range and that is my swing pos it just gets there and something draws it back down its madding I tell ya drives me nuts!!!!!!!!
-------------------------------------------- Ya might think about cost averaging down a bit..
But as you should know, one of the disiplines of swing trading is not to do that...It can be to damn dangerous...
But, this is GTE and it has a history of being "a rule breaker".
IP: Logged |
posted
True I have been in back when we where in the 20 cent range that is still my core investment, just need to see the test flight come thrugh or the 300 mil get this thing swinging again for me I hate being on the side line with all this movement!!!!!!
IP: Logged |
posted
PHLX: The Philadelphia Stock Exchange to begin trading one new option on Tuesday, February 21 04:53 a.m. 02/20/2006 Provided by PHILADELPHIA, Feb 20, 2006 (M2 PRESSWIRE via COMTEX) -- The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading one new option beginning Tuesday, February 21. The option was allocated to LaBranche Structured Products, LLC. GlobeTel Communications Corporation (option/stock symbol: GTE) will trade on the January expiration cycle with initial expiration months of March, April, July and October. Position and exercise limits have been set at 250,000 contracts. The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 2,026 equity options, 21 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com . M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com. (C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
IP: Logged |
posted
take this for what its worth.. My friend (deepockets) just was told by his broker(tdwaterhouse)(today) that a lot of money was flowing into GTE again. This same scenerio happened last time just before the run. The russians are supposed to pony up their first payment of 300 million in about a week,if i recall. this could be the reason? Just some food for thought....
quote:Originally posted by sharkone: Is this ever going to recover?
Look for this stock to do one of the following things in the next 2-3 days.
1) Soar to over $5.00+ on news of Russian deal completion.
2) Tank to $1.25 or lower on news of failed or further delayed Russian deal.
GLTA
NR.
Your are right on. Did GTE ever come out with their quarterly financial report for the last quarter of 2005?
Not yet, we are still waiting on that as well. I don't even think they have given an ETA on it. Regardless, unless it shows the 300 million everyone is waiting for, this thing is going nowhere.
-------------------- One is never completely useless. One can always serve as a bad example.
IP: Logged |
posted
It won't look good if there is no news out today. If the 300 milion Russian payment was in the works you would have thought it would have been reported. The 30 day delay is closing out here. Kinda quiet as far as volume goes. May be the calm before the storm.
IP: Logged |
posted
Looks like it may just be getting down to my reentry point... unfortunetly anyone watching this knows this thing swings like crazy.. bad news and my reentry could be a loss....
posted
why all the pessimism? The money is flowing into this like crazy right now...GTE .. man.. what a stock! we still have 2,3 days for any news... relax..might be 4 days.. this stock ALWAYS does this, and every time it does, everyone freaks out!! chill
Direct TV (DTV) lost $1.9 Billion in 2004 on Revenues of $11.3 Billion
The DTV Market Capitalization = est. $22 Billion (2004)
ONE RUSSIAN DEAL The Future GlobeTel/Russian deal projects an estimated $2 billion annual revenue stream, with profits estimated over $850 Million.
GlobeTel would have revenues of 17.7 percent of what DTV made in 2004. 2 / 11.3 = 17.7%
GlobeTel would have an estimated yearly PROFIT of $850 Million, which is over THREE TIMES more profit from DTV in 2004!!!
If DTV was at $22 Billion market capitalization in 2004, after losing $1.9 Billion! How much would GlobeTel's market capitalization be if they're earning $850 Million profit?????
GTE's Current Market Capitalization = $256 Million Direct TV's 2004 Market Capitalization = $22 Billion $22 Billion X 17.7% = $997 Million Market Capitalization (MC)
$997 Million MC / 81 Million shares = $12.31 Per Share
When you add to the fact that GTE will be making a profit of over $800 million and DTV was losing $1.9 Billion, GTE's price would easily jump beyond $20 dollars just based on ONE RUSSIAN DEAL.
I expect even more lucrative ventures to other third world countries around the world, because GlobeTel won't have to share the profits in many other countries. I look for GlobeTel to build infrastructure in Mexico next year which eventually could generate $3 billion in revenue/$1.3 billion profit by 2009. A venture like Mexico could sky rocket the price beyond $100 dollars per share.
I also want to emphasize that these projections have nothing to do with the other areas of the company, or the STRATellite. When you add the rest of it up, GlobeTel could be the next Microsoft in the Telecommunications industry.
The entire world has shifted to globalization, and the only thing holding it back is communications. Once the technology is there, the winner will explode with profits.
IP: Logged |
posted
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 1, 2006--GlobeTel Communications Corp. (AMEX:GTE - News) today announced that its Sanswire Networks LLC subsidiary has successfully floated the Sanswire II Technology Demonstrator Airship in Palmdale, California. This initial testing phase marks the first test of many currently planned for the program. This first phase will test the integrated subsystems within the Stratellite. ADVERTISEMENT
The Sanswire float test followed our streamlined test procedure in order to validate the envelope integrity with the Sanswire proprietary lifting system and carbon composite structure. The testing process is governed by test procedures through a strict Quality Management System, which ensures both the safety and success of this demonstration.
Bob Jones, President of Sanswire Networks LLC, commented: "This is an important step in the evolution of our test program and we're extremely pleased with this accomplishment. We not only met all our goals, but exceeded them. Our success is attributed to the integrity of our product and the diverse backgrounds of our team of experts. We're always committed to providing top performance and capabilities to our customers, and to get the job done safely and expeditiously. This milestone test was, by all measures, a complete success."
Timothy Huff, CEO of GlobeTel added: "The success of the test gives us a lead in the high altitude airship market. We continue to make significant strides in our airship test program, and knowing the quality and intelligence of the Sanswire team, I'm not at all surprised at this successful outcome. I look forward to the continued acceleration of our test program, and to launching our first commercial vehicle in the coming future."
posted
Not only did it retrace quickly back to where it started, what are the chances it may even loose some more ground this afternoon. Just think where we would be if that PR hadn't come out.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
