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I think you are going to sell and turn a paper loss into a guaranteed loss. You are then going to watch in disbelief as ONT gaps up, hits $5 in the next one or two months, and leaves you chasing the bid.
I know. I've done it so many times it's become a painful lesson.
While you are hurting and ready to cash out, others are seeing ONT's potential and scooping up the shares, thinking it's cheap.
Your only enemy is impatience.
FWIW
Agreed but in a China selloff these stocks get hammered and if there is any dilution to fund expansion the stock could get hit.
Chased the bid this morning after moving to cash.
Flipping for pennies (
I'm beginning to think that smart money is exiting China stocks in anticipation of a correction. If they drop they will drop hard.
The plus side is I shall be scooping up any bargains in expectation of a strong recovery. Especially this company.
Who knows. I'm out anyway. Good luck, either way.
Not just Greenspan but also Li Ka-Ching. He's No.1 guru in China. Just to be safe I liquidated all my China Stocks. They have been dipping anyway as smart money has been exiting. I see a correction by the end of next week.
Have two stocks in play. ONT and MOBL. I will add ONT if it hits $3.20. Hot company in a hot sector.
My strike rate on earnings releases is about 10 sell-offs and two rallies. This, despite good earnings. 9 times out of 10 the stock recovers. There is always the risk of manipulation and the market is very efficient at transferring wealth from the impatient to the patient.
My take? Just a little head fake to remove dollars from nervous nellies. We are going higher.
Mike. Thanks for the clarification. I will remove my foot from my mouth and pay closer attention next time.
Isn't this just constantly moving exercise? i.e Last qtrs a/r put in this qtr, the next qtr's a/r put into the following qtr and so on.
To many China stocks got hammered this earnings due to bad Conference calls. That will teach me to unload in future.
Thanks for the reply. I understand why you would comment but my question was specifically for ST since it's due to his enthusiasm that I'm in the stock.
Your 'bogus' accusation is naive, to say the least. Bashers/shorts sit on every board and can be good for a stock, depending on the circumstances. It's the naked shorts and paid bashers that get my goat. Message boards are manipulators playgrounds and should be treated with caution.
I have not 'taken a bath' since I missed the initial runup before adding. Had I been in at the first stages I WOULD have been a millionaire overnight. I and am about even right now. I asked stocktiger to comment because I follow his tips on his website and even though one can never truly be sure, I sense just from his voice that he's one of the good guys. I don't know you or your agenda so you'll forgive me if I give little weight to your comments.
If you are doing due diligence, then stocklemon's input is a risk factor that you should take into account. I don't have sufficient experience to gauge the degree of risk, except to say that I have been hurt by a stocklemon release on VOYT (it was ZROS) just after I had bought in on a gap up @$1.80. It's now $0.74.
It's as if the shorts know who the promoters are, wait for the inevitable pullback, then pounce at the optimum point. They then naked short a company, keeping it in a death spiral. Obviously I want to avoid this and I'm not saying that this will happen with NUCON but it's obviously on this guy's radar.
As far as Iceman is concerned, I have one of his other recommendations, PUDC, in my portfolio. I know the stocklemon guy is apparently as crooked as they come but I had not heard anything bad about Iceman before. ST links to him on his web site. If there is any veracity to the claim, ST may wish to consider whether his association might affect his reputation.
Hope that explains my position.
Hi ST
Having seen so many of my picks get hammered by stocklemon and naked shorting (and lost large sums as a result) I'm concerned that Nucon will be another.
I wonder if you have any comments on some of the accusations levelled on the SL site.
i.e. The Iceman is none other than Barry K. Davis aka Barry David aka Barry Sutz aka The Iceman. Mr. Davis is a convicted stock felon with a track record of swindles stretching back over the last thirty years. Barrons Magazine has labeled Mr. Davis as a “penny stock-flim flam artist”.
Thanks
Deutsch. If he is, then it's to our advantage. I'm out, though, since I'm just transferring from Siebert to 'thinkorswim' to reduce trading costs. Will take a week. I maintain a reasonable position in Raptor.
I think he is also saying something similar about ITKG. If both are right, then TS will rise in my estimation.
CYBERSMEAR article update:
ALL
I sent the Cybersmear article to Integral Investor relations highlighting the fact that if they believe individuals or groups are unfairly attempting to deter investment in Integral, by making misleading statements on message boards, there are steps they can take to reveal their identities.
This morning I received an acknowledgement and thanks.
I believe this is ON-topic.
Agreed. It's obvious that some selling will ensue as a consequence of the analyst downgrade, which I see as a blatant attempt to pull the SP down. They probably missed the boat and want a lower entry point.
It's healthy to fill any gaps, so I'm back onboard again, after T+3.
Hope it waits for me!
You seem to be rather selective in deciding what is TOS and what is not.
Post 2083 mentions 'Happy Easter and some reference to 'The Secret' (a movie?) yet I see no complaint from you to the posters about being off-topic.
Post 2010 Makes reference to general market trading and possible application to ITKG. Pretty much what my post does. Yet no complaint from you.
I am sure I can find a hundred more examples.
When you show some consistency in your complaints, I shall perhaps take heed but in this instance I shall take my lead from the actual moderator and not a self-appointed one. Or is that your business?
I'm puzzled. Is there something in particular about the CYBERSMEAR article that is uncomfortable reading for you?
daviking1. Thanks for helping to focus on this issue.
'In a suit brought in March, Computerexpress.com, an electronic commerce firm based in California, asked for at least $60 million in punitive damages in a case against a group of posters in the Raging Bull chat room.
What's also chilling is the ease with which plaintiffs' lawyers have obtained the true identities of anonymous posters as well as other personal information. The Business Week article described a situation in which a company called ITEX Corp. filed a John Doe suit against an online critic in response to postings on a Yahoo message board. Yahoo gave ITEX the poster's internet protocol address, which the company was able to use to locate the poster's internet service provider, which turned out to be CompuServe Inc. In response to a broad subpoena, CompuServe turned over not only the poster's name, but also his credit-card number, the name of his bank and a list of some of his online purchases.'
I got back in at $1.77 after the MM had me chasing the bid and then gave me a lousy fill. They certainly know how to work the system.
Nevertheless, I am happy with taking a position here and will add if opportunities come, rather than unload again. Good luck.
1.56 to 1.60 on the 28th. Highly unlikely now.
Looks like it's settled down now. Phew!
Thought this would happen.
The MM has woken up and is playing games. Could drop off again hard and catch those who sold off and then jumped back in. They will panic once more and sell and so the game goes.
Looks like profit taking or a major selloff is being engineered. That's the trouble with these low volume pinkies. You're stuffed if you have to unload.
Anyone think this is just filling the previous gap or something more serious?
Smart man. Too many times I've had the new car and house lined up, only to see it all vanish in the space of 30 minutes. I'm in after dithering for too long but will feel better once it fills yesterday's gap.
What's the odds of this coming up on shorting outfits radar and them hammering the stock?
Still cussing 'cos I missed it under $1.
Another week goes by and I'm waiting for a suitable entry point. It was $1.30!
Congrats to all.
Hoping for ONT to compensate me
I sold all at $1.38. So you are not the only one who can't get it right this week. Next time I'll wait until after the TS weekly pump effect!
Back in soon.
Just kidding.
Nice green day for my portfolio so quite happy. So many great runners in my watch list, recently, I wish I had more cash to allocate.
Not at all. Just contemplating suicide at missing this little runup.
Waiting and watching is all to see where ITKG bases and freeing up more cash ready for good news.
Great pick. I like the stock and am waiting (in vain so far) for a lower entry point.
OT: stocktiger...
Where in Russia are you? I spent 2 months in St.P and Moscow recently and couldn't believe the beauty and intelligence of the women. Nevsky was like a catwalk.
It's all good in terms of setting the scene. Not sure it will lead to a big move in SP until we see some revenue.
ONT might be of interest to tech-savvy investors since it is competition for ZROS as far as Video performance is concerned.
I have no idea but today's move up, I assume, was due to a 'pump' by TS?
Am freeing up cash for the next pop on either ITKG, RPTN or ZROS. In the meantime ONT might be of interest to tech-savvy investors. Competition for ZROS and RPTN as far as Video performance is concerned.
Each time TS(Tobin Smith) flourishes his pom-poms and gets the pulse racing, I want to dive in. Such is the effect of his 'teasers'.
The stock will pop up but then usually retraces. I would have thought that the shorts are all too aware of the TS effect and can play the stock both ways. If a stock shoots into orbit, then shorts know that there are relatively easy pickings to be had. Great way for both long and short positions to make money.
As a newcomer to the TS effect, I may play both sides in the coming months.
As for individual stocks, I would not currently be short ITKG. Yes, there are mutterings of discontent but there is also a view that news of some kind is overdue and pending.
My finger is definitely on the ITKG buy trigger.
Hi sfs. Thanks for the reply. Actually, I'm not totally impatient. I have two China plays that I am very long and strong on and add on dips, when I have the cash. It has realized me 50% returns since Oct, so I'm more than saitisfied.
I regard the TS tips as speculative which should only receive your 'vegas' money (according to his advice). Having ignored his advice, initially, and 'loaded up the truck', to use the parlance, I'm now a little gunshy.
The tips do seem, from my brief observation, to rise rapidly, then pullback, sometimes dramatically, until news starts them moving up again. ITKG is different in that the rise and pullback have been prolonged, despite some big intra-day moves.
I am still fairly new to TS and came to his tips late in the day when they already had had decent moves. I'm down overall to the degree where protecting my capital is more important than staying the course. Had I got in early as some of the longs here have, I could be a little more sanguine about it.
There will be opportunities to get back in.
Just have to keep some cash available and be nimble!
You are right sfs. Those, like me, who pop in and out for a cup of ITKG tea, are not really investors but traders or speculators.
I make no apologies, just try to limit my losers and let my winners run.
Will be buying and adding a little sauce when Integral moves up again.
MMs know the psychology of the herd. Might feel maximum pain before they swing ITKG back up again. That is, if you believe they are responsible for the slide. Entirely possible based on some of the previous price movements. However, short interest has increased...
http://www.shortsqueeze.com/index.php?symbol=itkg&submit=Enter
If it dips below the previous low, it may just keep on going. Little or no support on the way down...
http://www.stockta.com/cgi-bin/analysis.pl?symb=ITKG&num1=41&cobrand=&mode=stock
LL's will of course be serenely oblivious to short term gyrations and are in it for the long haul.
Since I'm on the sidelines, below $2 is fine by me. Still think Integral is a huge opportunity but needs news to stop the slide and to bring me back in.
All I can say is my buy point is lower than it is right now.
What can I say. It's a pink sheet stock. Still under the radar. Pitiful volume, open to manipulation and if it sells off, it will plummet since there won't be sufficient buyers around. Have been left holding the bag too many times with stocks like this to be caught again.
Hasn't had a serious 'shake' yet, but I have no doubt it will, so I'll just bide my time. Once I'm in, as another poster said, hold it and forget about it.
IMHO
Like this story but against buying at these levels. How many times do you see great runs, only to see stocks like this fall off a cliff.
I'm in but only after a decent pullback.
Congrats to those who got in early.
Hi GK
Thank you for posting this good advice to 'know what you own'. I should take a course in interpreting sec filings!
I would like to add another nugget of wisdom, which seems entirely appropriate for markets and message boards...
[IF]
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you
But make allowance for their doubting too,
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:
If you can dream--and not make dreams your master,
If you can think--and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:
If you can make one heap of all your winnings
And risk it all on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"
If you can talk with crowds and keep your virtue,
Or walk with kings--nor lose the common touch,
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much,
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And--which is more--you'll be a Man, my son!
--Rudyard Kipling
I have a buy order in at $1.50. Almost got there.
Yes. I'm still in with Raptor. If the government approval comes through (expected within days) I would expect to see another spike.
You win some, you lose some. I made 40% overall so how can I complain?
Sure I have confidence in the product, the management, the company but when some site screams it's a pump and dump and get out quick and you see the price falling off a cliff, then it makes you pay attention. The priority was to protect my capital, which I did. Unless you have control over your fear, then perhaps trading is not for everyone.
I live to fight another day and there will be plenty more opportunities in the OTC wild west.
Next time I will be ready for it.
I heard Tom mention previously that the company has been busy 'seeding' for the past 18 months. That should bear fruit in terms of orders.
It won't matter to Mr.Market if it takes 18 months for any one company to changeover. What will move the market is news of decent sized orders and/or a big name buying the solution. The market is forward looking, hence the recent surge in the stock price.
Pretty obvious Changewave would take a position in their stock picks. Wouldn't you?