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wow 8 mil in vol looks nice.
RSI > 53, MACD trending up nicely, Stochastics crossed over and showing some strong momentum.
Best of all Ickimoku broke 1st resistance at .205, next target .00225 and then it should really take off.
yes it does. Lookin like she's gunna go for a nice run soon.
What is the price target for NGLPF. Do you think it could be close to $5 in the next 3-5 years?
So I have 11,000 shares of this stock. I was soo close to adding another 6-8k of shares when it was at .58 - .62 but missed the pop.
I will probably still add a couple thousand shares now.
Would have been nice to add more; oh well :)
Chart is improving and looking good
Positive divergence on RSI, MACD bullish and moving upwards, Looking like the daily chart is about to move upwards on the Ikimoku Cloud also. We just have to break .22.
It will come in time.
SS is exactly right.
ITRO has broken a multi-month and multi-year downtrend with a low of .09 and a nice run to .0040.
This new trend is different then all the runups in the past (i.e. the run to 1.8 cents). Because it's the first time we are on the plus side of the Ickimoku Chart.
I'm sure I'm not the only one who has noticed this. But that said, we took many months to get here, it is not surprising that we will have a very lengthy consolidation on this bottom. Look at the last consolidation from the bottom. It took from June to October before we got a nice run. That is the frequency of the chart right now. This is going to be a multi-month/multi-year thing. I agree with SS that we will need another 2-3 QTRs showing profitability.
Right now, I would feel comfortable adding more except I am trading a little bit on the side for some short term money and will start adding once I build it up a little more.
To Fed:
Maybe a little bit of pumping is what we need. Not that I want to see us become a P&D, but I think it wouldn't hurt to have a bunch of newsletters go out and mass-emails. To put ITRO on peoples watch list at least. If not like that, then maybe there is a more legitimate way to get the word out now without being in the P&D/Spam category.
Revenue Stream,
I think that's a good idea once we get into the details and if ITRO actually provides us information, then that would be an important aspect.
Some of the services may be core to the business while others may be related to only one revenue stream.
SH,what do you think about what I am proposing in arranging a Shareholders workgroup.
You are one of the main reasons I latched onto ITRO; because of the extensive DD and research about the Comapany and fundamentals you have posted and kept the lifeblood of this board.
Would love to have your input on this idea.
I think the goals of the meeting should be:
First meeting:
1) Team building
2) Agreement of vision and goals
3) High-level discussion on 1st powerpoint
4) High-level talks: how can we build investor confidence and attracted new interest
Second Meeting:
1) Outline process to obtain an assessment and gap analysis of ITRO business operations
2) Purpose of the assessment will be to determine if growth is limited by capital, liquidity, production, process, sales or marketing
3) Develop a communication document to get Whitney and ITRO to buy-off on the idea
Third Meeting:
1) Discuss approach to present to ITRO
Presentation
Forth Meeting:
1) Review findings and perform gap analysis
2) Determine how shareholders can address gaps
Fifth Meeting:
1) Voice of the Customer: Is ITRO meeting customer expectations, how can processes be improved to build on customer satisfaction.
2) Begin discussions on how to build investor confidence and attract new investors into ITRO common shares.
Weekly meeting,
Well, right now I'm thinking it would be a good idea to have an hourly meeting with whatever shareholders want to attend. We could brainstorm some ideas, come up with a powerpoint and an intro letter and present something to the Company. An offer from the shareholders to help ITRO.
So far it's just a thought; but I think if we did it right it could be effective.
Technicals
On the daily chart, CCI and RSI look much better; MACD of course has crossed over. Ikimoku is looking good also as the Chiku Span is getting close to a price cross. This would give ITRO even more momentum. Lets hope it keeps going!
Weekly Ikimoku Chart and ADX bull trend is still in tact.
Best of all we have a retrace of Fib retrace of .618, which suggests that .0019 will be a nice new low.
We can calculate the previous run from .0009 to .0040 and we get .0031. Multiply by .618 and we get our low of .0019.
(.0040 - .0009 = .0031
.0031 x .618 = .0019158
I believe that would put our next price target at .0083, after that a pullback to .0064 before a run over a cent.
So lets bring up the conversation again
A lot of people on this board have ideas and want to contribute. How can we become a part of the ITRO team, as shareholders to bring some of these ideas into the company.
We have to get organized. If we're serious, we could setup a little web-ex conferance or something.
Develop an outline, a Powerpoint, present it to ITRO.
No one should work for free, so not even shareholders. Maybe some of us could become comissioend sales persons or something or get some extra shares =)
What is wrong with you people?
Why is everyone attacking fed because he said Gaurdian is two products in one.
I'm not an expert on the Guardian product, I thought it was just the dear repellent. But if you are saying it is two products in one container, Fed's point is still valid if the customer can buy Guardian and fertilizer together as one unit.
Fed has been a good contributor to this board and especially recently has been really bringing up some good points and has a very bullish outlook. Maybe a little impatient, but don't we all want this to run :) Next year at Atlantis?
hmmm..
anyways, its just weird everyone is jumping on him and it doesnt' seem to matter if he's bullish or bearish.
wow what a nice pop.
About time :D
Metal,
What indicators and oscillators do you use?
Hi Fed,
Market cap of 7.1 Mil is actually quite reasonable when you count where they are today.
If you start counting speculative things like delivery of the 10x/100x project and Auric then yes if we start imagining a nice forward P/E the market cap could run higher.
But if you look at financials today, the market cap is fair. The nice thing about this, is it means we have good support, because if it goes down any lower it will start trading well below fair value.
Read my post I wrote a couple weeks ago about how a company the size of ITRO has to expand The good thing is, they are doing the right things now and WHEN the revenue really starts coming in from these prjoects, that is when you will see this stock truely explode.
As we get closer, and rumors and the word starts getting out, we may start trading on the speculative and on the future P/E.
The unfortunate part is we have to wait, quarter after quarter and maybe year after year for the business plan that is in place to start bringing in more revenue.
This isn't really that unfortunate because we have a company trading at fair market, with good future and at least a 30% growth rate.
Sure I'd love to see this thing jump up to 1cent tomorrow, but I think we may have to see these projects reach fruition and the earnings soar before we really see something like that.
This is where the patience comes in. It may take that long, or it could be some big money gets word of what's going on and it could should up tomorrow. Or even a bunch of little guys could get the word and start accumulating.
All of that said, I don't totally disagree with you that if ITRO hadn't been so diluted in the past, we may have had more speculators driving up the stock past it's true market cap.
hey metal; I agree.
Chart does look like it's getting ready to bounce.
I hope it bounces hard;
It could build a base up slowly before it runs... but I hope it just launches.
could go either way.
Fed: machineshop guys?
What kinda work do you do?
Fed,
Are you ok?
The healing stock
The other thing to remember, is that ITRO was in a severe multi-month down-trend.
The recent price activity has definitely shown bottoming and that a new uptrend has begun. We are now consolidating near the beginning of the new uptrend.
What does this mean?
It took us many months to get where we are. For the stock to truly heal we have to look at the weekly chart.
We have already gotten a golden cross on the daily chart. However on the weekly chart, the 200 MA is rapidly coming down. This is a good thing. Price is staying relatively strong, and the 200 MA is now just below .08. Just 6 months ago it was over 2 cents. We want the 200 MA to get close enough to the current price that we have a good shot of breaking it.
In the mean time, while we wait for the next major breakout, this is a good time for some consistent accumulation.
prerequisites
All the talk on these boards about how ITRO should be doing things better...
They all focus on sales, marketing, pumping stock, getting more investors, SALES
The problem is that that is only 50% of the business. The other 50% is capacity, order fullfillment, procurement of materials to meed order capcity.
I don't really have a good undertanding of how ITRO is doing in these areas.
Remmeber ITRO is currently less then 5 mil in revenue company. It is NOT unusual for a small company like this to have a low maturity in this area.
We know that the whole 10x/100x project is going to address a significant part of this area.
Everyone is acting like Whitney has never thought of selling at Walmart. I'm sure that there are existing develomntal issues that are prerequisites here.
In order for us to help in the areas I mentioned, we need to understand what is ITRO's capacity for delivery, growth, expansion, etc.
What is the cost of goods sold, so that we know whether ITRO products can be scaled to a bigbox store, or if they stay a speciality item that gets sold directly to customers via web, and also to large commercial sources.
Typically products that are 'best of bread', can not always be upscaled to be cost-effective into big-box stores. A good example is Amsoil. One of the best oils ever, lasts 25,000 miles, yet you can't buy it at the store.. Why NOT?
So is this making sense? We have to understand if big-box, large distribution is ever in the cards, if so when, what is the pre-requisites.
Even if ITRO can not be sold in big-box stores, reember it is only a <5 mil company. There is tons of opportunity for ITRO to grow to 10x, or 100x of it's current size through proper development of it's current channels. Part of this is defining a better sales and marketing plan that is in allignment with it's potential.
Why am I comfortable owning ITRO, a subpenny stock? Because even at the current outstanding shares, the stock is a good price for it's current market cap.
Hey Fed,
I'm all for us trying to do more as shareholders
1) we need to be more tightly coordinated
2) we need to come up with a formal written proposal that we can send via certified mail to ITRO
3) The plan should cover a variety of areas of improvement
A) Distribution Channel and Development Plan
B) Investor spokesman for press conferences and PRs
C) Investors relations
D) Web presence and revitialization
First, if we are going to propose something like this, we need to understand more about their order fullfillment and capacity issues.
ITRO should have a multi-year business plan in place that details when they expect to reach big-box stores (if that is even one of their goals)
They could probably significantly increase sales, even with an infomercial and some web marketing. Imagine 'As seen on TV", and showing "this corn was grown with regular fertilizer, and this one was grown with Gold N' Gro. Of course if they did something like this they would need someone enthusiastic to do the infomercial.
MoneyTV
Ok Fed...
I have to admit..
Itronics could use a little better presentation on the PR side.
My favorite part is where Whitney picks up the gold'n'gro and says "here's a package of our consumer product, the gold'n'gro fertilizer... that we ... sell over the internet..."..
Sounds like a bad infomercial or something :)
Fed; Moon and April;
I am definitely watching. Thinking of picking up some options on QID soon.
Scenereo's I'm watching include a breakdown near options expiration on april 10th. Good time to get some short ETF this Wed?
Could also be a good short today, since it's the full moon, but we also heading up into the apex of this bullish move into the 8th also.
I'm tempted to get some options of QID either today or Wednesday of this week.
Prox? Seriously..
Did you ever think if u didn't call him Numbnuts he'd be more likely to put you on the guest list?
Why should he put you on, so you can stand up and say how you think the CEO is an idiot
some good things on the chart,
stochastic and MACD both finally turning up. Getting closer to an apex on the downtrend, Ready to bounce? We are also getting close to the Ickimoku window for a nice breakout (next week).
What is S/M?
explanation
There is no great explanation as to why the SP is so low. We are still in a corrective down-trend. There is no heavy selling. Only problem is there is very week buying interest.
Maybe the investors at this conference will go home and buy some shares over the next few weeks.
Pennant,
Yes fed, I was referring to the pattern you posted yesterday.
When I drew it, I actually drew the bottom line all the way across straight so that it touched in two places and the third is the low in the second pennant.
But either way is pretty illustrative. If you do it the way I did, you can see that we are actually in-side an upchannel with higher lows and higher highs.
I think we will be back on the upswing going into April.
Bull pennant
Is it my imagination do you guys see another bull pennant.
It's actually a continuation of the lower trendline from the last pennant.
Draw a line from the lower trendline of the first pennant and you can see that we are definitely consolidating on the lower trendline and look ready to make another move up.
BBs are still tightening and we are reaching the apex.
The Ickimoku Chart is suggesting that within +/- 4 days of March 31st, we have a good shot at braeking .0032. From there the chart would look strong and we should run over .40 and beyond.
Look at the MACD flattening out, just ready to curl up. ITRO chart is definitely a slow pattern. Which in the long run should make for a bigger move.
Hey Fed,
I think we will see a turn down on or near the 29th, however also keep in mind the large chart. We have a Tripple Top P&F breakout, we are continuing into an uptrend, and we just had a 8% correction from the last run (which also was close to some fib. retracement #s). Ickimoku looks very strong on the DOW now.
I would be cautious taking any substantial short positions until some key #'s are breached.
Take profit at dow 10606 and take a short term short position just to catch the bounce.
protect/short at breach of 10250 (daily) and 10099 (weekly) as this will indicate a larger move down. Until the weekly breaks I would not expect any major move down. You can try to catch a wave down on the moon cycle if you are into that, but again this is a 'weird' time to try and time it because theres all sorts of weird trend lines coming into play. I think it would be a decent short now if we break 10600 like I said above just to catch a bounce.
I would not be surpirsed to see the market rally back to 14000, like we did in '03 after the .dotcom.
Of course we still have ALOT of risk, unemployment, bond market and all the debt we are printing. However ,if you think about it, we have had that issue for a long time and the economy is strong enough to keep it under the carpet.
That said, the latest astrocycle.net article that I can read (I'm not a subscriber) says this: (They are predicting we will set a final low in fall 2010). ;; remember don't try to catch it wait for the breach.
"The alternative bullish count is that we are now in the last Wave up from the March 09 lows that will take us to 1150-1170 into March, and possibly as high as 1200 if it lasts into April 2010.
Breadth Summation Indexes (BSI)
Daily BSI is bullish since February 12-10
but one more bad day from turning bearish
Weekly BSI is bullish since February 16-10
but one more bad day from turning bearish
Yearly BSI in a Bear Market since January 4-08
but getting close to a Bull Market
"
"We are at the same price levels as in late 2003, but with very different fundamentals and those who expect the same outcome in 2010 as we saw in 2004 should be in for a surprise. The fundamentals erased a 5 year Bull market in a single year, and it can erase this one year rally in very little time.
Cycle Summary
Probable 1 month cycle low for the Full Moon Jan 30th and first week of month lows seen the last 4 months. - The Expected 4 month cycle low is due the first week of March and has been quite regular the last 2 years. - The 2.5-5-10 year cycle suggests an April 10-13 cycle high in optimism and has been regular from July 1982."
This Bear Market is expected to make new lows by Fall 2010 for the 2, 4 and 8 year cycle lows and by Summer 2011 for the PI 8.6 year cycle low.
Ickimoku shows probability of breakout +/- 5 days of April 1st.
Maybe another couple weeks to break out again.
Ickimoku shows probability of breakout +/- 5 days of April 1st.
Maybe another couple weeks to break out again.
Chart and price,
Is there any really good chart reader out there who can call the bottom of this correction?
It looks to me like there was a possible double-top and the bottom should be around .68.
I have 10,500 shares that I picked up between .60 and .80 cents. I held it all the way to $1.20, and should have sold at $1 - $1.10. I could have bought back in now and been very comfortable.
I'm fairly sure this stock is going to take off sometime soon. Too much good news on the horizon. 45 MW, contract already done, government financing, 2 more sites under development. April should be fantastic.
Anyways, what does everyone think about the bottom?
The weekly Ickiomoku chart is still in tact (price over the cloud), but we have broken through two supports, and it looks like we've gone through the daily 200 ma.
Weekly was just ready to make a golden cross. Maybe this is just the correction into that move, and when we do go up, we will make a nice golden cross and really run.
Or could it be that we are just waiting to hear everything is back online. This stock seems really underpriced right now. I don't think it should have ever gone under .80, and really it should be over $1 still.
Triple moon is three moon phases in a row (i.e. new/full/new) where the market fails to make defined highs and lows.
Was just reading some good investment advice, thought I'd share:
"""
Warren Buffet who is listed as the 2nd wealthiest individual in the world says you should never buy stock in a company if you would not be happy to own it at half its current price. he also buys large pieces of companies or entire companies with NO EXIT STRATEGY.
wait - i thought if it dropped 8 or 10% that means i should sell. well...if you bought it just to trade and you feel that's what is necessary fine.
decide up front.... am i just buying this paper to flip it at a higher price or am i buying a piece of this company because i believe in its long term potential. in other words - SEPARATE YOUR INVESTMENTS FROM YOUR TRADES.
be careful - if you want to TRADE shares of a company then don't view your purchase as an INVESTMENT. if you are investing in a company then you should view your purchase of shares as a purchase of a piece of the company and not necessarily as a trade.
""""
Ok, so this made me realize, ITRO and NGLPF (my two holdings, are both investments. Because I believe in the fundamentals).
I need to free up some cash so I can do a little trading :)
I think I'm relatively good at reading charts; now I have to work on my discipline.
I first started trading just prior to this crash in July of '08. I didn't know anything about chart reading and I lost ALOT :(.
I haven't really had enough capital ever since to trade, so my only position is ITRO and a geothermal company (NGLPF).
The daily chart on NGLPF isn't looking so good, it ran up from .20 to $1.20 and now it's around .79 cents. I bought in at .80 and ignored the sell signal at $1.10 on the Ickimoku, cause I thought news and fundamentals were good.
I might take like $5000 and start actively trading again, since I think I am in alot better position and have more discipline.
Maybe I will start paper trading first :). I should have done that in '08.
Here's what the Dow Ickimoku chart says about support.
Hourly Chart: 10293
Just broke cloud to the upside, + momentum
Daily Chart: 10136
- Chart was bearish since January 20th, but broke resistance Feb 16th.
- Still challenging the cloud, likely break 10400 near March 8th-15th.
- Close to bullish momentum Signal
Weekly Chart: 10079.98
Positive momentum and above support
Monthly: 9803.32
- Still Bearish but headed up nicely.
- Combine with RSI 52
- MACD below 0 line but crossed over and showing strong signal
- Monthly chart will likely not go bullish until 4th Qtr 2010 or early 2011. Cloud resistance 12000 - 13000, declining towards 11,000 as we reach 4th QTR .
Hey Fed,
I kinda tried to tell you it might be premature to take a short position. Read the newsletter dated 2-25-10 on the astrocycle.net site.
I wouldn't short unless S&P breaks 1080. I said a similar thing last week that I wouldn't short unless the DOW broke 9900.
Other cycles are in play besides just the moon. This always comes about near trend changes, and when ever you see the triple moon. Think of the moon like a new technical indicator. You have to have confirmation with other things, especially trend line breaks.
Here's a quote:
"""
The SPX must hold Wednesday's lows near 1095 on Friday
The SPX failed to hold the lower channel near 1095 and fell to the November lows of 1085 before erasing most of the losses and adding to our suspicion that we are forming a right shoulder between 1085 and 1115 much like we did in November for the left shoulder and also much like the mid January top and highlighted in purple on the 10 minute charts below. The Ticks are getting overbought in many time frames suggesting the 1115 area will hold us back, but the Put/Call lines have stayed relatively high implying any pull backs from the overbought Ticks is not likely to break below 1085 either. The short term cycles are suggesting a mixed but mildly bullish day with the most strength in the morning and the weakest time in mid afternoon. A move back above 1105 should send us to the November highs near 1115, but it will now take a break of the November lows and breakout level of 1080-85 to turn the trend bearish and bring back the possibility of new lows by the 4 month cycle low in early March. The Breadth Pattern Matches are too few and mixed but my bias is bullish above 1095 for Friday.
5.5 day cycle Friday (high?) and early next Wednesday (low?)
The best fit over the last 30 days is the 5.5 day cycle which is part of the common series of cycles based on multiples of 11 and which are sub-harmonics of the 11 year Solar cycle. Many cycles like the 7 to 8 week, 4 week Moon cycle and short term 5.5 day cycle all point to a Full Moon and end of month high and the oversold Put/Call and white Trin lines we saw on Thursday can support that view, but the Tick lines are getting overbought again and suggesting a decline into the expected cycle low next Wednesday. The intraday pattern for the week broke down on Thursday with the very negative but brief reaction to the Jobless Claims report, and the expected rally to the 1115 area may be delayed until Friday and/or Monday. The 10 and 60 minute charts are not fully overbought yet suggesting a struggle between 1085 and 1115 much like we saw last November but with the indicators getting more overbought this time, and forming a right shoulder with the left shoulder of November. Since the first move up was 35 pts, a pull back to 1085 early this week followed by a 35 point rally would target the 1120 level and is a probable path for this week. This rebound of 10 days and 68 pts is a bit weaker than the comparably oversold rebound of 10 days and 84 pts we saw from the November lows, and we will most likely struggle with the 1115-20 resistance area like we did in November.
Trend is bullish but overbought for week ending February 26th
All indicators turned bullish from oversold but the Ticks, Slope and StochRSI are all getting very overbought suggesting a pull back from the expiration close which often see a 1% counter move to the expiration direction on Friday. The Put/Call and white Trin lines are not quite overbought and we will most likely rally once more to the 1115-20 area by the Full Moon and end of Month on Sunday. The most likely bearish count has Wave 1 completed on Friday the 5th with a drop of 106 pts in 3-4 weeks suggesting a Wave 2 back to 1120-30 and lasting a few weeks into late February before making deeper lows towards the 38% level from 2007 near 1014 in March for the 7 week and 4 month cycle low. The alternative bullish count is that we are now in the last Wave up from the March 09 lows that will take us to 1150-1170 into March, and possibly as high as 1200 if it lasts into April 2010.
"""
Good Morning Everyone...
Ok I've always wanted to do that on here :)