Replies to post #28322 on Eyecity.com Inc (ICTY)

[locosurfer]

Its always funny reading posts. Either everyone is happy ( stocks going up ) or they are upset ( stock is going down ). The way I see it is one can always sell and move on if ICTY is such a" big turd". LOL


locosurfer

[semipro11]

does this seem like fluff? it doesn't to me.. oh and by the way the shares being sold by impatient retail look to be going into stronger hands imo

WINTER PARK, Fla., Feb 9, 2012 (GlobeNewswire via COMTEX) -- EyeCity.com, Inc. (ICTY) announces today, Thursday, February 09, 2012, the following update to shareholders. EyeCity.com Inc, would like to update the shareholders on the direction of the company for Q1 2012.

As previously stated EyeCity.com, Inc has always been seeking a suitable merger candidate with a primary focus on natural resource and junior mining companies.

EyeCity.com, Inc is currently in late stage negotiations with two mining companies as merger candidates. The Company has a Non-Disclosure and Non-Circumvent Agreement with the parties. Both companies are in the advanced stages of their mining exploration, with significant holdings and mineral deposits to explore and meet the requirements for a public company.

Completing both of these transactions is management's current primary mandate contrary to much negative public opinion. We expect to be able to announce completion of both transactions within the very foreseeable future. Until such time as a signed contract, due diligence and compliance with all appropriate regulations are completed, we are bound by non-disclosure restrictions that will not be violated by management. Part of the merger will include the recruitment and announcement of industry leading management joining EyeCity.com, Inc. Once the merger is complete management will step down in favor of these industry experts more qualified to run the company's expanded operations.

Immediately, upon the signed execution of an Agreement, and compliance with all appropriate regulatory authorities transparent details of the transaction will be released for all shareholders and interested parties.

The Company cautions all shareholders that non-verifiable rumors are not credible. The only credible information is as officially presented as fact by EyeCity.com, Inc Management.

[rich pearl]

as i've already posted, i'm no fan of that p.r., but.... i'm not a fan of p.r.'s to begin with. i play the chart. below is the 1 month daily chart. if you look at the pattern you'll see a long pole and a pennant; that's a rectangular shape as versus the obvious triangle in a flag pattern. now look at the lines that are the moving averages. in any upmove and consolidation phase a stock will test the support -- the 5, 10, and 20ma's. today we are testing the 10ma.

as i posted last night, when the candlestick was a dragonfly doji, it's all part of a consolidation phase. though nothing is ever etched in granite, .0008, which, btw, would not signal a breech in the upmove, is prolly not in the cards. at least, not today.

to play the game, you must know the game.

good luck to you,

best to ALL

rich