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Hi stocktiger
Just my luck. Your firmer recommendation today should see the SP pop, while I'm still T+1 and locked out until Monday.
That will teach me to keep some powder dry in future!
OT: Hi GK
'remorse' or divorce? Had I been married my wife would have been tut-tutting at watching a 256% gain vanish within minutes. I can hear it now... 'I told you to take profits'.
Hindsight is a wonderful thing.
Know you are referring to ZROS. I'm in the same boat and like you salvaged a small gain. What makes matters worse, is I've been through this so many times I should KNOW BETTER. It was the stocklemon article that was the clincher.
Beware, if that 'protector of investors interests' ever shines his beady eyes on ITKG.
'If ZROS was first recommended to MicroCap subscribers on Feb 13, 2007, & subscribers bought on or near that date, then they could be up more or less about 236%'
I was already ordering the new car. That will teach me to exercise a little more humility.
I bought at the gap up @$1.80 then bailed right at the bottom ($1.04) to protect my capital (and to stave off the heart attack). Unwound most of the gains. Thankfully my original buy-in was $0.49 so still up 40%.
You live and learn I guess. Now locked out until settlement and ripe for the plucking again when I buy in at $1.80 on the gap up on Monday and get shafted when the shorts run the same play again. Anyone else see it the same way?
Any drop should be less dramatic as many nervous nellies will not want to come back and people will see ZROS can bounce back.
Hi all. I spotted Nucon (thanks to stocktiger) and wondering about certain aspects before investing.
Anyone have any idea what the normal process for moving from the pinks to the OTC is.. i.e. will there be a new launch price or does the whole shebang move over as is?
It sounds like a fantastic business plan and opportunity to get in early and I like the heavy hitters in Russia. Those connections will be vital.
The volume is a concern since if you place a trade at market you can move a stock by 10%. Easy to be manipulated.
Thanks for any feedback.
RPTN@$1.16 and ZROS@$0.98. Already in at lower levels too. So more than happy with the outcome.
You are right. I'm going to dump my shares when they hit $30.
You are on a hiding to nothing if you try and short this now. But please go ahead. Add a little grease to the wheels.
Hi gk. You should have mail.
I think it's a no-brainer for a while yet. My bet is 2-3 days max pauses on each leg up!
I agree but cashed out @5.95 to get into ZROS and RPTN. It was a good move. Both going vertical.
You won't need any more tips if you stick with RPTN, ZROS and ITKG (when the first decent order hits). But if you do, I'll split it with you.
Hi gk
As you may know, I moved out of ITKG to put everything into ZROS and RPTN, reversing dramatically a 35% short term loss. Both are doing extremely well and I can't see either pausing for breath before they hit $3. This is not about fundamentals. ZROS is being priced right now 3 years ahead and can easily hit $4.
As you say, there is much more to come from ZROS and with more days like today, you know it's going to be huge.
It's the right solution at the right time.
Once management secure the financing (which, considering the potential of the product, will be a formality) we are off to the races again.
Congrats to you and looking forward to similar action from ITKG in due course.
MrPlum
ZROS may not not stop until it hits $4. Just consider the possibilities of a major take up in its software, especially at a consumer level.
I think the company is taking advantage and selling into strength today. Not a good time to try and short, though. Will lose your shirt with this momo. Try again when it hits $3-$4.
Look at many of TS 'runners'. They blast off off around 50c then don't stop until they hit $3-$6. And being start-ups most are in need of cash so are probably selling into strength. Good move if it helps them execute and reduces the float.
It's the right product at the right time and this management team has the pedigree to deliver.
IMHO. Do your own DD.
Likewise. I see your interests extend beyond ITKG's borders. You have impeccable taste.
I may have had a small hand in it. Bought in at $0.49 and posted a 'WHY YOU MUST BUY ZROS' or words to that effect, on a number of yahoo tech boards, such as csco, goog, appl, ibm and dell.
I would have expected at least some people to look.
'I appreciate your continuing contributions to this board'
My pleasure.
Dream on. I thought the same. PHEI have taught me a valuable lesson.
Just watch for the next news from Alienware saying they have ended their relationship with Phantom due to a failure to deliver on promises.
Hi nysepick. Thanks for the correction. How do you know this?
I'm firmly in the 'entertaining' camp.
Being fairly new to OTC stocks, I'm still finding my feet. I think it's good to have at least one speculative stock in the portfolio and I now have two. They fit in well with my other very aggressive stock picks... no place for the fainthearted.
Your intuitive investment strategy is interesting. Mine is still 'under construction'.
With such a small number of shareholders... 280? What would happen if they all simply held? I believe that the MM would conclude there is no more selling and start to tickle the SP back up again. Those who sold are then wondering should I buy back in? Some will and up she goes.
When in doubt, I think Warren Buffett's approach is good advice. BUY, HOLD. ADD ON WEAKNESS. DO NOT SELL.
Well said.
You can't eat a shirt you have lost!
Hi GK
Having read my reply again I can understand the gulp!
Sorry about that. Here's another link to help you and make it easier. If you look at the bottom left of the screen, it tells you whether the indicators are bullish, bearish and to what degree.
http://www.stockta.com/cgi-bin/analysis.pl?symb=ITKG&num1=31&cobrand=&mode=stock
I'm not sure you can use TA on a board that has no volume! Just a few trades can move the stock quite a bit, even if it's only the MM placing 100 share trades to tickle the stock in a particular direction.
Anyway. You can see that ITKG is still clearly bearish and has gone through the recent support level of 2.70.
I sold 1/3rd of my ITKG position at $2.84 and invested it in another China stock prior to blowout earnings and made 30% almost immediately (until yesterday!) but will hold it for the long term. I have also invested in another speculative Toby play which is trending UP now.
As for the rest, I think we are close to the bottom now. Then the MM may tickle the SP back up again. Or it will fly back up as it did in November. $1.80 to $4.18 is phenomenal. So, I'm holding to grab the low hanging fruit!
If you had any cash you could have taken advantage of the dip and picked up more at $4.90. I'm tapped out having put my cash into GIGM. It was a close call but GIGM is building a head of steam for their earnings run, which is why I opted for them over CHCG.
Don't worry about this morning's blip. Good opportunity.
Love both stocks!
'The proof of the pudding is in the eating'. With the promise of orders and shipping, one might have expected to at least see SOME sign of life in the patient.
If management can bullshit you, then they can also bullshit customers and suppliers.
Don't bet the farm.
Can't believe people are being taken in by this. High risk: high reward is all well and good but having lost 50% of my investment, I bailed out and have recovered it after 4 months investing in China plays like GIGM and XING.
Why not salvage what you can and wait for positive news. You may miss out on the low hanging fruit but isn't a 10-bagger enough?
All I can see is, as others have stated, that this company is being run by conmen, working hand in hand with complicit brokers to maintain a very nice lifestyle at the expense of inexperienced investors.
There are LOTS of stocks out there that have explosive qtr on qtr revenues and easy 10-baggers. CHCG is another one.
Hi GK
There are those that claim you only need to know support and resistance levels and those that use a multitude of indicators.
Bearing in mind that it isn't loyal LONGS who are moving the SP but traders/new investors, I have only recently started to use indicators to assist my timing for entry and exit points on the basis that traders are doing the same. The herd does influence price movements.
Stochastics (turning points) need to be used in conjunction with MACD (trends).
This site is useful and straightforward...
http://clearstation.etrade.com/cgi-bin/details?Symbol=itkg
If you look at the chart for ITKG and December when the share price was around $3.70 (when I bought my first lump) MACD was clearly trending UP (above 0) but stochastics were indicating an overbought situation. Technically, it was risky to buy at that point.
If you look at today, stochastics are getting close to being oversold but MACD is still below zero and a reversal of trend not yet confirmed.
You can also use Bollinger Bands indicate volatility and RSI (relative strength) is another popular indicator
The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and under 30 indicating oversold.
I also check americanbulls for confirmation.
This is fairly basic and the more technical guys can provide more input.
Where I use support is when, if you cannot monitor the market on a daily basis... and set mental stops... then setting a stop slightly below support is one option. Bear in mind MMs can see stops and can and do 'whipsaw' the SP to take them out.
Hope this helps.
The drop might continue through resistance and not bounce off it. If that happens I'm even more underwater. Which is why I am looking to see ITKG hit $2.70(ish) twice, which gives me a little more confidence. It's academic now since we are currently at $2.88
Understand your own frustration with the drop. Maybe it's simply the MMs creating lots of commissions? But then why didn't they run it up and down in previous years for the same reason?
Thanks for the response. I'm aware of the risks of course. Nothing wrong with comforting each other around the fireside singing 'Kumbaya'.
At least now we have a discussion. Useful to newbies, like me, who may pick up snippets, (such as stocks can go down as well as up).
Agreed. The fundamentals haven't changed and it's good advice to remind investors of such. I recently had a classic example with XING. It sold off steadily until it reached my maximum pain threshold. I bailed the day before it reversed and I ended up missing 20% of a 60% surge. Not for the first time.
Anyone agree with an entry point for ITKG around 2.70-2.75, if it bounces off 'support' at $2.67?
http://quote.barchart.com/texpert.asp?sym=ITKG
I would like to add more. Charts cannot predict, they can only give us the setups. Playing expected trend reversals is riskier than jumping on confirmed trends, though the rewards are also higher when they pay-off, just the typical higher risk: higher reward relationship.
With my other stocks doing well, I hope to be in a position shortly where the investment in ITKG is play money.
Watching for the next reversal...
I have to say it is discouraging to see a third of my portfolio in ITKG 'disappear', (my only non-China play) while my China stocks are flying. Would be nice if some of the older hands could comment on the recent price movement. How low is it going and who are all the sellers?
Is this a second 'shake of the tree'?
From my observation, ITKG can move dramatically in a short space of time, which persuaded me not to place a stop. Now I'm in the classic bind... walk away nursing a big loss, or wait for a recovery which could be a long time coming.
There is a noticeable silence from members on this. C'mon cheerleaders. What's going on?
Are we going to sink under $2 again with maximum pain for new investors.
Excellent news and a nice summation that I'm sure all loyal longs will sign up to. The future looks more promising today. A run back to $4 will do me just fine.
Plastipunk
While some may appreciate your attempts to 'save' them from losing money, I have yet to see any sign of it. Most investors are grown-ups and perfectly capable of making their own decisions. That includes me.
If you have lost money, then why don't you move on instead of continually sniping. Some investors have made money. A 1000% gain in 12 months is incredible. It's simply timing.
Stocks go up as well as down. You have disclosed nothing new and simply jumped at the opportunity presented by transitory weakness to 'prove' your claims. It proves nothing. Are you going to jump in every time the stock goes down and say 'I told you so'. If so, it's going to be mighty irritating.
I am fully prepared to lose everything I have invested in ITKG since I expect to make money overall in my portfolio. Some will be winners and some will be losers. Unless you have EVIDENCE of pumping and dumping, please leave me alone to make my own decisions.
Thanks.
Hi qlt. Thankfully, I have 4 other stocks that are going well right now, although ITKG (the biggest slice of my investment pie and therefore the biggest influence) has me slightly down overall. Should it bounce back quickly as it has done recently, I will be pleased. I'm averaged in around $3.70.
I will add my own voice to the others who have stated that there is no news driving this drop, so one might assume there is MM manipulation going on. I have no real issue with it since without it, there would be less opportunities to invest. I may be less sanguine in 6 months time if we are still under $3!
Predictably the bashers return right on cue. If only I had more cash!
Thank you for the welcome. Although infrequent, I hope my posts add something to the discussions.
If only my portfolio were a 10/10. )
I bow to your experience but allowing posters with multiple aliases to go unchallenged I believe is harmful to new and potential investors. It is disingenuous to have one individual falsely giving the impression of a consensus. To my knowledge this is deceit.
I think it is perfectly reasonable to question someone's motives and rest assured I don't engage in... to use the parlance... 'pissing contests'. They are pointless.
As to your advisory, I will abide by it, except to say, that in in my experience, individuals who have nothing to hide, are not offended by legitimate questions.
Thank you for so diligently 'keeping the peace'.
Thank you for responding. You may not be Sputnik but your phraseology and points you make, create a similar 'fingerprint'.
I accept that LLs can and do 'gild the lily' and place them in the same 'must exercise caution' category. The key difference is that LLs are invested in the stock, while Sputnik and you are not.
As a new investor I do not have a 'typical strategy' and I do not sit on boards of stocks I have sold, bashing unceasingly, and question the motives of people who do... (yet to be answered by him).
I have said before that I am invested in ITKG for its promise and not its past performance. I am aware of the TS effect and have a concern that if TS has a change of heart, it could wipe out my investment within minutes.
But the recent contracts signed seem genuine and the companies signing up don't seem to be scammers even if you think that ITKG is.
I noted the IPhone comment and dismissed it as unsubstantiated OTT enthusiasm. Others may see it as being 'upbeat and positive'.
ADAC isn't a household name but does supply household names. So I can't agree with you.
I don't see the typical characteristics of pump and dump companies or constant share dilution and, along with TS and the notion that 2006/2007 is a sales and marketing phase for ITKG, am prepared to give the company the benefit of the doubt.
Bashers who post 'LMAO'-type posts, mark themselves out as juvenile and lose credibility as much as pumpers who say $100 in 12 months, etc..
Knocking the blog is not going to get you anywhere. What else do you expect to be posted there? Create your own blog with the alternative view and I will happily read it.
Why are you still on this board after 2 years of being out of the stock? There are thousands of alternatives with actual products.
If you were genuinely considering getting back in, you would have seen the upward trend in early 2006 (which has not broken down yet) and be sitting on a 1000% gain.
I doubt if all those, who are sitting on such a fantastic gain, share your pessimism. If they are speculators, they have been rewarded handsomely and if investors, (waiting for an actual product), they must be delighted.
I know of few people, who have bailed out of a stock, remaining on a board with the only intention to knock. Let me see... Sputnik and you.
Matching fingerprints?
As a new investor, content to hold a significant position in ITKG, I have had the unfortunate and unnecessary introduction to SPUTNIK and his negativity. I am also of the opinion that daviking and probably plastipunk are his other 'noms de guerre'. Apologies if I am wrong.
While it is useful to have an alternative perspective (supported by facts) it's irritating to have this constant derogatory 'mischief-making' on a board who's introduction makes it clear it is unwelcome...
'The members of this site would like to keep the style of this community upbeat, proactive, educated and mostly functional. Many who post here used to frequent RB, but left because it just became too toxic. If you are a day trader, basher, have a personal "axe to grind" with Integral or enjoy arguments, please frequent RB -- it may be more to your liking.'
SPUTNIK is far from being 'upbeat' and IMO has an 'axe to grind' and no amount of dressing up will alter his obvious intent to discourage and disaffect. I wonder if the intro was written for his benefit?
Not everyone has the skills or will to conduct thorough DD which leaves them at risk from distortions and untruths. Shame on people who derive pleasure from peddling such. They 'cry wolf' so often that when a real issue of concern comes along, it will be seen as more of the same and be dismissed.
I really can't see how that is in the interests of anyone.
Excellent post. Many thanks.
Hands up those who have made around a 1000% gain in the last year. Congratulations. I am sure there are many of you.
SPUTNIK permanently on ignore.
Never heard of him.
Looking forward to your answer. Otherwise, nothing personal but it's back to ignore.
As a general rule, you are correct but the points you raise are the same that you have raised previously and, in the absence of further info from the company, or the organisers, are unlikely to be answered until people can see for themselves. So one has little choice but to 'wait and see'.
I note you did not declare your motivation for taking such a negative stance with the company. For newcomers to the stock, perhaps you would be good enough to enlighten us?