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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (2058)3/22/1998 9:35:00 PM
From: Pilot  Respond to of 29382
 
Just got in from day 33 of skiing, so my a*s is dragging, not much time to research, but:

The stock has started trading above the 26 day MA, the volume is up the money flow is up, the Williams%R is climbing, the period 14 stochastics are moving up and the 200 day MA sits at 4. (target?)

The home page slide show is interesting enough, so:

negx.com

Also the stock is at the lower end of the 52 week range of 2.03 to 6.53, it has sales, + net income and a plus profit margin.

Isn't Oil & Gas the next sector of market interest?

Signing off.



To: Sergio H who wrote (2058)3/22/1998 9:44:00 PM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Sergio
GTMI:

Telecom, Calling cards. Global Sat., Internet service.

Two SEC filings in Feb. 7 million float 24 million outstanding. Large insider holding.

What I found interesting in the 8K filed was that in Oct. of 97 the co. bought all the shares of Int'l TeleData from to indiv. named Stewart. Stewart had claimed a connections to other co's that would provide GTMI with global Sat. hookup and investors to back the move., However, certain inconsistences started to come up regarding Stewarts claims. In Jan. 98 Stewart recinded the claims and resigned from the board of GTMI. GTMI, accepted the recind and began to move forward to find new financing and co-partners in the Global Sat. hookups.

I cannot find any rumors of what is coming, but it must be coming soon. I would expect that an announcement of either the financing or partnership with someone to take the co. global.

Given the activity in the stock on Fri. I would gamble on this one for Mon. or Tues. for a news release.

BTW...I know who he is and why he is not talking. :-)

Ken W