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Tuesday, May 04, 2010 4:11:36 PM
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.
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