IT Tech Packaging Inc (ITP)

[risi]

I bought into ONP back when the stock was $.70 (or $2.80 after split). I saw great prospects here and rode it to $14+ and saw it moderate to $10. I sold all at that point and figured we would see some more moderation to about $7+ range and I would come back here and start entering back in. I wasn't paying much attention to ONP but when I saw the bottom drop out I starting reading a little. After spending some time taking a hard look at all things ONP, I am convinced Muddy Water's is a fraud. Those guys have accomplished their goal and I would think they have already made millions and now are hanging on to milk it for what-ever else they can get out of it. I entered back in recently on the latest drop back into the $4+ range. Sold for some quick profits and re-entered on the drop again yesterday. I will be establishing my long position again as well as taking advantage of the volatility at this ridiculously low price. I expect that by fall this one will at least be trading at double the present level.