SHORTERS here ya go.
Shorters Make Revaluation of ITOKK Inc (PINK:IKTO) Stock Price
By Ekaterina Zelenkova
Date: Jun 4, 2010
Yesterday, ITOKK Inc (PINK:IKTO, IKTO message board) sstock noted its next 52 week Low , while recording a new historical volume peak. The number of trades exceeded 279 times the average daily volume for the company.
On the background of almost a month' absence of company announcements as well as poor financials, the trading session was raided by shorters.
The sensational selling fury prevailed by a 62% increase in the total volume traded. They reevaluated IKTO stock.
Some investors could see in this an opportunity to buy IKTO shares at the lowest possible price.
For others, this was a signal to gather additional information about the company as lining to received alerts for the winning IKTO stock.
In order to attract investors, IKTO uses stock promotions. The traded under $1 stock was promoted in March, with not listed information about promoters compensation.
During April, in different stock marketing newsletters, IKTO was offered, like potential big winner.
All these interventions were not able to convince investors to locate funds in IKTO. As chart here shows, since the beginning of the year, IKTO stock is in permanent crisis. Despite volumes, the shares price slumps. con't below chart
On the other side, the company offering click -to-call services, reducing local and international calling costs on smart phones, having the confidence of business developer of next generation IP telephony platform really has a potential to growth.
The fact, that IKTO is de-registered from the SEC, since this May, probably, influenced some investors.
The other bothering thing is that IKTO all the time announces different new distribution partnerships. At the same time, company's financial reports are stating, that IKTO is a development stage company and has no revenues.
Maybe, at the end of this month, when the company's fiscal year ends, investors will find improved financials and some revenues.
http://www.hotstocked.com/article/2232/shorters-make-revaluation-of-itokk-inc-pink-ikto.html
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Shorters Make Revaluation of ITOKK Inc (PINK:IKTO) Stock Price
By Ekaterina Zelenkova
Date: Jun 4, 2010
Yesterday, ITOKK Inc (PINK:IKTO, IKTO message board) sstock noted its next 52 week Low , while recording a new historical volume peak. The number of trades exceeded 279 times the average daily volume for the company.
On the background of almost a month' absence of company announcements as well as poor financials, the trading session was raided by shorters.
The sensational selling fury prevailed by a 62% increase in the total volume traded. They reevaluated IKTO stock.
Some investors could see in this an opportunity to buy IKTO shares at the lowest possible price.
For others, this was a signal to gather additional information about the company as lining to received alerts for the winning IKTO stock.
In order to attract investors, IKTO uses stock promotions. The traded under $1 stock was promoted in March, with not listed information about promoters compensation.
During April, in different stock marketing newsletters, IKTO was offered, like potential big winner.
All these interventions were not able to convince investors to locate funds in IKTO. As chart here shows, since the beginning of the year, IKTO stock is in permanent crisis. Despite volumes, the shares price slumps. con't below chart
On the other side, the company offering click -to-call services, reducing local and international calling costs on smart phones, having the confidence of business developer of next generation IP telephony platform really has a potential to growth.
The fact, that IKTO is de-registered from the SEC, since this May, probably, influenced some investors.
The other bothering thing is that IKTO all the time announces different new distribution partnerships. At the same time, company's financial reports are stating, that IKTO is a development stage company and has no revenues.
Maybe, at the end of this month, when the company's fiscal year ends, investors will find improved financials and some revenues.
http://www.hotstocked.com/article/2232/shorters-make-revaluation-of-itokk-inc-pink-ikto.html
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All my posts are for entertainment purposes only, improper use can result in severe financial loss or even possible bankruptcy. "Have a Nice day!!"
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