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VELA best penny breakout....crossing .20 focus

 

 
Focus:
 
 
 
Value
Current Value   Net Change % Change
2,318.19  1.38 0.06

 
 

 2,316.81

NASDAQ-100
 10/19/2011
4:00 PM Close
 
 
 
 
 
 
 
VELA added risk two day solid climb, however technicals on this rally have been impressive so far.....monitor for testing intermediate term resistance / blowoff..
Date Open High Low Last Change Volume % Change
10/19/11 0.1460 0.1850 0.1460 0.1830 +0.0380 4402300 +26.21%

Composite Indicator  
   Trend Spotter TM Buy
Price Support Pivot Point Resistance
 
0.1830 0.1323 0.1713 0.2103

Composite of all indicators at present: 
Overall Average:   56% - Buy
 
Chart forVELATEL GLOBAL COMM (<a href='https://seekingalpha.com/symbol/VELA' title='VelaTel Global Communications, Inc.'>OTC:VELA</a>)

We've been focusing on the China/Peru parts of their expansion, however want to point out a MOU signing this week with regard to Moscow from synopsis of that recent interview....

2)   Moscow -- This new network development deal will be completed by end of November, but the Memorandum of Understanding is to be signed this week. 

This encompasses 20 major cities in Russia, with a major Russian company as 49% JV partner. Starting in 2012, over 100 million people in this region will have the opportunity to connect to VelaTel's 4G TD-LTE services. 

Best of all, ZTE and a new Fortune 100 financial partner are set to provide ALL network funding for capital and operating expenses. That translates into 100% of revenues CONSOLIDATING to VelaTel’s income statement.

 
 
 
 
Recall liked BAC pickup earlier in week on upbeat earnings......remains predictable for channeling 6 / stabbing 7.......Observe footing into morning
 
Chart forBank of America Corporation (NYSE:<a href='https://seekingalpha.com/symbol/BAC' title='Bank of America Corporation'>BAC</a>)


 
 
 
 
 
 
20+
 
 
AAPL for continued teetering 400....See back and forth comments below....
$ 400 1.38  0.35%
 
 
 
TZOO best response to earnings.....up 3.25 @ 34...
 
 
 
 
10-20
 
 
$ 16.25 5.58  25.56%
 
 
 
5-10
 
Nokia Corporation Sponsored Ame(NYSE: NOK)

 6.61 Up 0.49 (8.01%) 8:34AM EDT

P/E (ttm): 13.51
EPS (ttm): 0.45
 
 
 
1-2
 
 
 
 
 
 
 
 
Under 1
 
 
 
ABHD trading at .54...recall when stock soared in 1-2 range on contracts following Japan earthquake....
 
Pennies:
 
 
Recall IWEB back to back news.....Debate back to .20..?