IT Tech Packaging Inc (ITP)

[risi]

Having restated your point, I now understand and from a short term trade perspective, I think I catch your point.

Here's how I am holding my ONP position based on my research and valuation of the company. I am very Bullish on ONP up to about 3 years out as a value investment. From what I learned so far, they don't seem to have much of a plan for continued growth beyond 3-5 years. I think they are smart enough to figure what to do beyond that as we go along. Time will tell. At present, I believe we are just beginning to see the rise of this one considering we continue to see the expected numbers they say will be forthcoming over the next year or two. With the last quarter's set of numbers, they under estimated. I like that cause the market reacted very positive to that and all of us made lots of money as a result. Remember also, their plan is to move to NYSE. Before, during and after AOB's move from AMEX to NYSE a year or so ago, we saw it move within a few months from about $5 to over $13 although AOB even at the time at $13 was way overpriced. With this in the back of my mind, I have a pool of ONP shares I never sell unless something fundamentally changes to catch the ride up. Then, my reserves I trade in and out with the volatility of the market to add free shares on the move up. Because I am relatively confident this one will be trading above $20 by end of year (and a $20 price tag being justified because of ONP's increased value), if I trade back in at $13, I will not sell that short position until I'm in positive territory even if it drops to under $10 or even under $9. If it drops to under $9, I'll be eating beans for the month and dumping some paycheck in here probably.