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Nice volume;
Someone is buying on the dips.
um, what happens in september??
double bottom?
6.40 price target. $10 is possible within the next 12 months.
Fed,
Still think the 1:1000 was a bad idea?
I'm very pleasantly surprised with how well this recovered. All the damage has been undone and now we are sitting tight, over the daily cloud again finially.
And think about how tight the stock is with 3-4 Mil. shares.
Now imagine if we get ITRO up to 40-60K in volume.
Excited; Me too.
We are back to 1.85 today; It looks like most of the damage of the R/S has been undone. I wish I had bought more at the $1.15 - $1.40 level.
My average is already $1.40 anyway. It would have been nice to add another 2K shares tho.
Oh well.
Lets see how we do in the $2s coming soon.
Pho, Look at the weekly and Monthly Charts. Look at the BIG pattern.
Big pattern = big return. A base from a multiyear decline will mean a big pop;
Could be a big base to go with it though. Depends if we get a sharp bottom or a basing bottom.
Fed,
You say not excited I say 'steadfast and resolute'. Stoic and composed.
Even the Dali Lama said (paraphrasing) 'when good things happen you Americas get very excited. And when bad things happen you get very sad and upset. Don't do that'
Actually ITRO is not in a downtrend;
ITRO has been in a basing pattern since the last time it hit .009 (.90).
Since it had previously been in a multimonth downtrend; one can expend a long basing period before the new uptrend.
In other words; this is a good time to accumulate; Or just sit and wait patiently.
Someone hit the ask;
1.38; I would but my funds arn't settled yet;
Positive technicals?
It looks like we just got our bullish MACD cross and OBV crossover together for the first time since this R/S.
Also RSI bounce off of 30 and looks like some positive divergences forming in the StockRSI. Also some bullish candles confirming a new uptrend.
It's a little early to call it because of all the volatility after the R/S but I think we may have seen the low. Theres no way to tell how high it will go for this first wave at this point;
ya; try dsilverstein91343@yahoo.com
Hey fed; I can't send private msgs on here; but send me a msg on AIM or yahoo;
AIM IM: chrion777
Yahoo IM and E-mail: chrion777@yahoo.com
Hey Fed,
Good question about the broad market.
I can tell you this. The last time we had a lunar/eclipse solar eclipse pair like we just had was in August 1, 2008. It took almost exactly 6 weeks of strange choppy markets like we are experiencing now before the big crash from 10500 down to 6500.
This weeks market activity has been truly bizarre zipping around the 50MA, UP DOWN UP DOWN, false signals... now it looks like the markets want to move up again;
The full moon...
Option A) We settle around the S&P 1085 line, and after the moon the market runs up to 1135
Option B) We settle around the S&P 1085 line,but the moon is a reversal(high). We plunge to 1010 by the next moon.
Whatever the case, without a clean tested break over 1140, or downside break of 1010 I think we are going to be in limbo.
This is a very volatile time of the markets. Alot is at stake; and I'm sure the big guys know this. I wouldn't be surprised to see attempts by PPT or currency manipulation by the fed to try to prop of the markets; They may do so just enough to leverage stuff around and then let the market fall more naturally.
I don't know if I answered your question; I expect the next 4 weeks to be very unpredictable in that range.
On the DOW those numbers are more like 9700 - 10500. That's a pretty large range; and you can probably find some tighter targets (i.e. 9950, 98000 for a break at the risk of reliability.
Forgot to mention: Near term target:
$1.50 - 1.75 pretty soon;
September-October timeframe.
Preliminary prediction: Break of 2.50 -
Break of 2.50 by December 2010.
Hear that new guys? That's like a 2.5x run; And that will just be the beginning and thats when this will start really attracting attention and head for $5, by 2nd Quarter 2011;
If we get any accelerated news on Auric or good news on 10x/100x it could be sooner.
Get ready!
Bottom .90 - 1.05; Target 1-2.50; Target 2: 3.50 Target 3: 5.00
Hey Fed, I think we may see buying at...
I think 1.05 may hold, but I wouldn't be surprised to see .90 after toady's price action.
That would make it a true double bottom and give a strong bounce.
Think abuot the psychology of it. May attract new investors to start eating it up.
This is all speculation; until the dust sttles anymore it's hard to really peg anything to it.
I agree ; Q2 numbers should give a nice boost.
I would like to see it back to 1.50 at least :)
AgNau will give u a better answer then me;
But I think it depends if we have a deflationary depression or an inflationary depression.
THe great depression was deflationary, and I believe metals went down significantly. At the end of deflation there is often a huge inflationary rebound to get things moving again.
In short, short term metals may go down, long term up.
BUt we have other factors at play like credit default and risks to existing currency and people start acquiring the metals.
oh one more point:
The 1:1000 also wiped out all the little guys holding < 1000 shares. Or effectively anyone holding even 100,000 shares would be reduced to 100 shares. This really tightens up the marketplace.
We've already seen more consistent volume at the new price levels. As new buyers come in and the volume increases, all the people selling their 100 shares won't effect the share price.
the right split?
Again fed, see how we retraced to just over $1. Can you imagine if we went down to 10 cents. We might not have recovered that price level; then the split would have been worthless.
I think it is sound logic and most likely why they did the 1:1000.
ITRO can always do a forward split down the road and do a 1:5 or 1:10 if the price goes up enough. This would be interpreted as possitive news and give an extra boost.
silver 10x; extraction
Fed, from the sound of it, it sounds like they can extract the silver independently and it will be it's own revenue stream.
Not knowing the details; it would be nice to hear some confirmation of this. In that line of thought, it could also work that they can pull the silver at max capacity, but that the rest of the 'goo' may have a seperate shelf life. Therefore if that is the case they would have full access to the silver revenue stream but at the expense of the cost of the fertilizer ingredients.
Again, all this is conjecture since I have no idea how they really do it.
Candlestick Analysis:
BULLISH MORNING DOJI STAR
Type: Reversal
Relevance: Bullish
Prior Trend: Bearish
Reliability: High
Confirmation: Suggested
No. of Sticks: 3
Definition: Get the highest rated stock from Americanbulls for this pattern >>>
This is also a three-candlestick formation signaling a major bottom reversal. It is composed of a long black candlestick followed by a doji, which characteristically gaps down to form a doji star. Then we have a third white candlestick whose closing is well into the first session’s black real body. This is a meaningful bottom pattern.
Recognition Criteria:
1. Market is characterized by downtrend.
2. We see a long black candlestick in the first day.
3. Then we see a Doji on the second day that gaps in the direction of the previous downtrend.
4. The white candlestick on the third day confirms the reversal.
Explanation:
Black real body while market is falling down may suggest that the bears are in command. Then a Doji appears showing the diminishing capacity of sellers to drive the market lower. Confirmation of bull ascendancy is the third day’s strong white real body. An ideal Bullish Morning Doji Star Pattern must have a gap before and after the middle line’s real body. The second gap is rare, but lack of it does not take away from the power of this formation.
Important Factors:
The Doji may be more than one, two or even three.
Doji’s gaps are not important.
The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.
I vote that it's better to wait for the D to fall off. We already got a really positive press release.
There's a reason the SEC puts a D on the stock. It's because it's unstable as people react to the split. So...... how long does it take to become 'normal' again? hmmm. 20 days!
so lets just wait and then the stock will recover with this good news about the silver and then when the Q2 numbers come out it will attract new investors.
I actually think it was a good thing putting out the silver 10x after the r/s.
It attracts more real investors that way. Otherwise people would say "wow check out that press release, and then go look up the symbol and see .0020" and be afraid to touch it.
Alot of people don't invest in pennys period. Especially sub pennies.
So I think it was a good move doing a share consolidation first. Also will be good when the D comes off and the sales #s come out.
YAY-Good press release.
Fed I'm glad you approve. And yes this PR was really nicely written.
I'd be happy if this broke out over $2, then we could really be on a nice run.
looks like we have found support in the 1.15 - 1.20 range. Hopefully it holds!
Fed,I agree with alot of your points
I guess the difference is, that I am looking at it from the perspective of where the company really is. I'm imagining if I worked for the company what projections would 'I' give it. I would love to see revenue double. But 26% and even 11% isn't bad. As long as it keeps going up and is over 10%. But I do know that part of good management is the ability to make good growth projections.
I know that one day, in the next 3 years, they will hit that sweet spot, and then we really will see an explosion in revenue.
I've worked for a company once that had $250,000 in revenue. They build specialized printing machinery. I supported their IT, Accounting, Marketing and some sales. I watched it grow to over 1.2 million. It is painful to grow a small company like that.
ITRO is in a much sweeter spot, and right now their 3 year outlook looks pretty good (I've got to do it "IMO").
====
All that said, just as with my friends company there are definitely things that ITRO could be doing better to optimize sales, marketing and request fullfillment/supply chain management.
Being an outsider to the company it is a little hard to write a specific business plan and know where those specific pain points are that could make the greatest difference.
I still think the shareholders who are interested should approach ITRO and assist them with creative ideas and support their business plan. i sort of backed off on that when I saw the ihub mods and all the weird posts going on around then.
I think when things calm down it's still a good idea.
yeah I agree; that is weird that they posted their old financials. We need new financials posted.
SH, do you know any date when we might see the new numbers?
hey I like that one :)
I agree and understand. I've set this out on the horizon for 3 years from now.
This is definitely a 'hold' for me. If I ever get more cash I will add, especially if it dips <1, or if if the chart shows we have a real bottom here at $1.15.
Yep. I have to admit I liked having 5 million shaers instead of 5 thousand. However, I'd rather see this thing take off.
In retrospect, the only time you really see subpennys really take off is if they are pump and dump. Big investors, 401k's mainstream people can't touch them.
For the past 2 years I was scared of a reverse split, now that it's occured I think it is probably for the best.
See here's where fed and I differ. I think Whit has made great decisions. He's put the company first, consistently. It's not all about shareholder value, it's about making the company grow. Shareholder value will then follow.
There's a couple areas I think Whit did do wrong however. I think it was a waste of money to pay for all those audits back in the start up r&d phase. Should have gone to the pinks at least 2 years before they did. I'm sure it was a difficult decision. This is an example of where Whit obviously tried to put shareholder value first, and you can see it just cost the company alot of money.
Now R&D is done and we are in a different mode. Sales, Expansion , Growth; Plus optimization 10x/100x and then we have Auric.
I'm not woorried about my investment because we are at fair value. Especially now. If it gets under $1 I would definitly by more.
calm down...
Remember my post. The reason they did the 1000:1 is so it could absorb some of the fall just from the r/s itself.
People have to decide whether to stay or go after a r/s. Personally I am staying.
It looks like we have established at least a short term bottom at 1.15. Volume is steady and it seems to have a solid bid base.
It's too early for me to make any long term calls but it would be virtually impossible for this company to go subpenny. I would expect it could trade at half it's market cap just on the r/s. That is sorta where it is right now.
Volume > 5000. The stock is now poised to start getting new investors. The only last piece is getting some new official numbers for the fundamentals. I'm sure that is part of the plan or else there would have been no point in doing the r/s.
deflation
I agree fed,
I think just as you said we will see deflation followed by inflation. Silver may hold up better then gold because gold is already overvalued over silver.
not counting any future possible dilution, how low do you think the price will go? Serious answers only.
so if we really can't sell until after the conversion settles.. how were 1000 shares traded today. If someone is buying, someone must be able to sell, right?
So far I see trades
I see trades on scottrade on the chart between $1.80 - $2.00. I still don't see my trade of $2.12.
And if the bid is $1.50 and the Ask is $5.00, where did these $1.80-$2.00 trades come from.
Seems like theres some technical things going on from the R/s? I dunno I don't get it
I bought some shares at market and it came through at $2.12.
Strange, the ask says $5.
so what is likely to happen next?
bid of $1.01, and Ask of $10?
Why 1000:1;
I'm just guessing. I mean my first thought was I would have rather seen ITRO break 1c all on it's own before the R/S. That's what we were all thinking. However, it was also getting obvious that serious investors didn't want to touch a sub penny stock.
He could have done 100:1; but then ITRO would be .19 cents and if there was a massive sell off it would again tank to low penny or sub penny again, just on fear.
At 1000:1, ITRO is now at $1.90. So now it can do a couple things
1) It has some room to fall; it could go all the way down to .25 and it still woudln't be the end of the world for it (it could bounce back).. look at Quantum (QTM) for an example of a dip to .20 and then pop to over $3.
2) ITRO could attract buyers right away and strat a climb to over $5. This would be just like it being at .0050 now. It could then continue to climb to $10. Just like 1 cent now. These are realistic targets for it's market cap and what we have been currently projecting. The difference is the stock will attract a whole lot more attention at $5 and $10 and could bring on mutual funds.
Then if ITRO really gets its act together and lives up to it's potential we could still see a run to $20-200; long term with the mining and silver 10x/100x.
Who knows, maybe they will have to do a forward split at some point if it really takes off :)
--
This kind of thing also gets rid of the little guys who are only holding a small amount of shares. Remember all the weird games where the stock would break out but then someone would sell 100 shares.
---
I dunno, I guess I'm just wait and see. I thought today's price action could have been alot worse. So maybe we will hold our strength into the R/S.
The most likely answer as to why they are doing the R/S is that they want to attract new investors and have the PPS taken seriously. It's hard to get people to put their money into a stock with a sp of .0020.
I'm interested to see what is giong to happen. Since ITRO is correctly priced for it's sales/book value, I'm not that worried about a major sell off.
After the R/S ITRO will still be priced at a fair value and will hopefullly start attracting more new blood for the upcoming good news and the speculative side of this.
How will silver react if the dollar keeps rising and EUR keeps falling?
Doesn't that mean it is deflationary and should go down? Or will the demand in Europe consuming supply outstrip any deflationary pressures.
Not sure I understand how this will work.
Astrologically we should be seeing a large market dip betweeen 6-26-10 and 7-10-10. Something like that.
Lunar eclipse full moon this weekend; and grand cross which all astrologers seem to agree is not good for financial markets.
webbot predicts silver to skyrocket also, starting after the 6-26-10