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Re INTV....if the overall market is undergoing a temporary rally, I think btc should be able to get up to about 22k judging by the tech stocks. If that happens, it's possible for INTV to see between 5 and 6 cents assuming it can survive the next couple of weeks. That would be a double my money from here. This stock can be a gold mine for astute traders
News that should affect INTV. but won't..Crypto Adoption Continues: Mastercard To Debut Product To Help Buy Digital Assets Through Bank Accounts. This is more bearish btc news as more adaption fails to help btc price once again. The crypto fad continues to lose steam exactly as history predicts would eventually happen..
IMO by far the biggest issue of this stock is that INTV is a completely different operation since the last time it was two cents all the way back in 2020 and has lost 100% of the stock price achieved for two years of fundamental growth. This is not normal bear market action in my experience. While the warrants are certainly one issue I suspect there might be more serious problems than warrants driving this result.
Some mysteries explained.
It should now start to make sense out of only one possible reason why the buyer of the recent offering is in such a hurry sell and not wait for higher prices. He's experienced.
INTV had the excuse of essentially moving along with the other miners until last month when that changed. Should have raised alarm bells. I tried. The folks who blame the action on the 30mm offering but stuck with the stock are now faced with the unpleasant possibility that If mgt is so willing to sell at such a low yield to the company then it might not be unreasonable to expect another 30mm offering coming along at some point and so on after that. Kinda makes you want to learn the wonderful (sometimes) benefits of short selling.
How come INTV shills get no complaints when the stock is going up? The same guys are here now as were here then when the stock was going up. Of course back then if I understand this correctly, he must have been creating winners instead of bagholders. I had not realized shills have such immense power over others. Must come in handy on a date.
The main eye popping, absolute warning deal here is no bid for INTV. Why are those 2100 shareholders not stepping up? Is it remotely possible that someone accidently over-counted by 2079 and the 21 who are actually real are broke?
Everybody is responsible for their own INTV investment decisions, not the shills not the ceo. I understand for many years now that I don't know everything so I always use a stop. In a choice between absolutely having to be right and being a good shepherd of my money, I chose the money. Lots of guys would much rather be validated and sacrifice their money as a distant second place. I get it, now they need to put on their big boy pants.
You can't fool the stock market for very long, thus 2.5 cents. INTV stock diverged negatively away from the other miners starting last month. Most likely an important warning going forward.
I blame selling both long and short for the drop. The overwhelming perception must be that INTV is not even worth 4 cents anymore. Nobody sees value right here. Aparently even the ceo won't invest his own money at these still too high prices of .023 and below.
INTV has now broken down technically from the important 3 area.
Thanks for all the work you put in.
If someome melds all of the collective knowledge and wisdom of all the INTV longs and shorts together...they get 2.5 cents.... so far, with no sign of a bottom yet in total spite of percieved fundamental improvements which if true, make the performance of the stock even worse. This is down from 43 cents a year ago. There is very likely a good reason for this. It seems reasonable that the actual reason for a 93 percent drop should not be dismissed as a topic of consideration. What do you suppose the truth about INTV that is the cause of this drop is??
INTV is a 2 penny stock. How many 2 cent stocks do you think are real solid investments? Especially one that fell about 93 percent in the last year. Is it possible that some guys are missing something or simply avoiding talking about the blatent elephant in the room or is the combined wisdom of the stock market developed over 300 years all of a sudden totally wrong?
Bitcoin is right on the edge of starting another new downleg. We'll see what results this time.
If INTV does not catch a bid next week, that would be an important signal. I have not shorted INTV and I won't but I suspect the vultures are now circling.
Talking about INTV fundamental accomplishments only makes the bear case stronger. There is (an unknown) reason for the stock recent divergence from the other miners and overall terrible performance this week. IMO the stock had many technical reasons to bounce this past week and indeed bounced 11 percent on Monday after which it shockingly fell completely apart. This should not have happened with the fundamental improvements and with btc so flat. What is going on? INTV is in a support zone going all the way back to the dark days of mid 2019 running from .008 to .053. IMO It is not basing, it is declining. Fibonacci supports are at .02 and then .005.
INTV is short term oversold a bit. Longer term it has given up about two years of gains with a new 2 year low.... Waiting for some kind of news maybe?
INTV is in a completely different fundamental situation than it was when I first started around here back in 2020 when it was mostly just an idea. It appears to have made a lot of fundamental progress. As weak as it looks, it is still holding the 3 cent area which IMO is critical on both the daily chart and especially on the weekly chart. .
INTV business as usual....Nothing normal about the stock hitting 2 cents area..
Yes they sell the stock short and immediately cover using the. 01 shares. Pure profit.
Biggest volume since July for INTV today. Where did it come from? .03 area is important long term support on the weekly chart going back to April. Divergence away from the other mining stocks makes the periscope go up but it's only one day....so far.. .
My INTV moving target is around a nickel. Bitcoin is touching the declining 50dma right now, needs to show a little strength right here.
I don't know if there are 2100 INTV stock holders or not but if there are then that represents a tremendous amout of overhanging stock for sale at some point. Very bearish.
INTV up about 11 percent today. Nice bounce going on without any help from bitcoin yet..
One factor affecting INTV. Nobody ever talks about all the tons of bitcoin adaption that has already occured over the last several years. As you can see it has had little effect. The reason is because there is an almost unlimited supply of bitcoin available for use due to the supply multipliers of futures, options and rehypothication.
INTV bounce next week.
The more dilution there is the harder it becomes for the stock to move. There are probably 2x or possibly even more shares now then there was when INTV hit 80 cents. Bitcoin would probably have to be 200k for INTV to hit 25 cents. IMO guys should be talking about odds of survival instead of 25 cents. It's a very tough environment for bitcoin miners currently.
It's not out of the question for INTV to rally all the way up to nose bleed area of 6 cents if we can get a two or three thousand rally out of bitcoin .
I don't think INTV will go sub penny. IMO bitcoin has another major leg down soon (probably after another bear market rally first) and then INTV will find it's low for the cycle assuming it can survive that long.
Look at it this way.... the ceo could have placed all INTV miners with them instead of only half. Next we will see how much trouble the creditor lawyers intend to cause as to who owns what revenues and whatever else.
With all the moving around the company has done which somebody would think likely translates into down time for INTV mining and with the ongoing bitcoin bear market, my guess is that the market is not expecting a good 10q. Because of this, the question to be answered is, how much of the 10q is already baked into the stock? If the Fed keeps the bear market going long enough I expect substantially lower prices for INTV and every other bitcoin stock. However, some bitcoin stocks could survive a long bear market.
There are various fundamental headwinds for INTV right now some of which including that new 8k and the upcoming 10q as well as end of qtr selling and the on- going bitcoin bear market along with btc mining dificulty at an all time high. My Goodness! Somebody call an ambulance.
Going back to the June low on the BITCOIN daily chart , the resulting pattern looks potentialy like a head and shoulders top with the recent move to 22.8k possibly forming the right shoulder..
INTV might turn into a bargain in the next couple of weeks as it's end of qtr and for many financial nstitutions end of year. Time to sell the losers again. Rock on sellers!
Right now INTV has support at .039 and this is a moving target. Bollinger Band contraction is setting up for a move by the stock. Unfortunately a BB squeeze does not tell us in which direction the move will occur but the previous two squeezes resolved to the upside for this stock..
BTC resistance area is 22400. Let's see how it acts.
INTV stock continuing to form a base more easily seen on the daily chart and importantly the weekly chart is finally starting to turn neutral from bearish. Last time it was basing it took about a year and a half to complete.
Short squeeze bounce in BTC should have a little more to run. IMO one or two more tests of the low before it breaks down for real.