GTTN (GTT Communications Inc)

General Discussion
#62

It was green this morning . Hoping for better news soon

#63

There was a green candle this morning lol

#64

Yea I checked the chart, I just see barcoding all day on it. Daily is even worse, trending down steadily.

#65

That fact that this was even a recommended play is sus

#66

I don’t “recommend” anything. GTTN was mentioned by me on Twitter and I felt an obligation to provide free updates.

I bought GTT on 4/21/21 @ 1.66 and it spiked up and retested 4.25 (that level is now vibration).

If they do not go out of business prior to the predicted ZOS’s it looks dynamic. I mentioned from day one that this is an all-or-nothing size.

I don’t do YOLO trades. I do a lot of all-or-nothing size and I win many more than I lose. As I’ve said before, my all-or-nothing size is 1% or max 2% of total capital.

3 Likes
#67

Yes that’s true though.

#68

https://sec.report/Document/0001628280-21-015450/

Can someone let me know what this exactly means?

#69
  1. no bankruptcy
  2. about 2 weeks extension till August 17
    “(iii) the occurrence and continuance of the “Noteholder Specified Defaults” as defined in the Second Notes Forbearance Agreement, in each case until the earlier of (a) 5:00 p.m., New York City time, on May 17, 2021”
1 Like
#71

May I know if there is any updates on this stock?

#72

GTTN is frightening. There are so very many other companies to “invest” in that aren’t playing games.

#73

Retest at 2.12 if they remain viable. I don’t bet on sports but the idea of betting $100 to make $100 never sounded great. GTTN betting $100 to make $400 (or more) does sound great to me personally.

I see the predicted ZOS ahead so this becomes a bet on the company remaining in business. Maybe insiders know they’ll take care of paperwork and they are accumulating? I have no idea, but I see someone betting on them and I decided to join.

Again, this is a very small all-or-nothing bet. I do not use a stop loss and I am willing to lose 100% of the capital allocated to this bet . It is a bet, not an “investment” and that’s why it is small.

1 Like
#74

Hi JGS. I have bet on them in a large way! Fingers crossed! Send me some love to fellow Pisano

#75

Hopefully we will get out of the woods soon.

#76

Sent another email to VP finance Charlie Lucas on updates. He responded “we are still working diligently to satisfy SEC requirements”.

5 Likes
#77

I don’t like to share these private charts w/ the public because, inevitably, someone bets the farm on what I view as a small ALL-OR-NOTHING sized “bet”. I am NOT providing advice on any prediction that I share w/ members or the public at large.

Maybe the elephants know something that I do not.

I have hit some of these for big wins over the years and I have also bombed on some of these over the years.

GTTN-60mm-08-20-21
GTTN-60mm-08-20-211920×758 124 KB

2 Likes
#78

Anyone got any updates? I understand they had until today aug 24th for the extension to file with SEC. not sure if it will get extended once again but any updates??? I know JGS said if we get through august and no BK then it’s primed for take off!! Well 6 trading days left in august… no BK so far. Hmmmmm

#79

Extended to 8/31.

https://docoh.com/filing/1315255/0001628280-21-017516/GTTN-8K

1 Like
#80

I’m wondering, as we haven’t heard of another extending beyond tomorrow, this company will either survive or go bankrupt as of tomorrow? And if it survives, as we do not yet know, would an potential run (as it would then be clear that it will not go bankrupt so people will dare to bet money on it again) start tomorrow or the day after?
Thanks for any insight and guesstimates.

#81

This company will survive. Only when price passes through that resistence line that Big Jim has marked on the chart above, will there start to be any upside. There is magic in them there lines! By the middle of september i am expecting to see this thing flip on its head!

2 Likes
#82

Hi Jim,
I would love to have some bets; like you say ALL or NOTHING. Would you mind to share a few. I personally would really appreciate it. I still holding on GTTN since the day you mentioned it on Twitter.

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