OTCPK:ITMIF - Post by User
Comment by
Bdussyon Aug 14, 2000 11:46pm
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Post# 2323718
RE: Those famous charts... READ...
RE: Those famous charts... READ...Apparently YOU have had it with this stock. Itemus has no fundamentals? You must be looking at a different company then. The stock doesn't have to move NOW. Think about it. TA is a good indicator of where a stock is trending... but is by NO MEANS always right... is wrong lots of times. I don't believe TA is as applicable to itemus as it is to other large cap stocks. I enjoy reading thredbuls take on Itemus with respect to TA, as I have recently taken up some serious homework on it in the past few months. The way I see it right now is Itemus is quite oversold, but in a downtrend. However I don't believe the downtrend is significant. Technicals can change in a flash with this stock... hence I don't believe it is as important as Itemus' fundamental (which I believe are incredulously strong by the way).
Also one must take into consideration that Institutions have recently taken a good chunk of this company (20-30% last I heard) along with management increasing their position, hence, Itemus' float is reduced. Realistically now, demand doesn't have to be as high as it had to be before to make the stock price rise (especially on good news) significantly.
Anyone want a ~100% return in a couple months? I believe it is attainable with Itemus. Why?........... still many deals in the pipeline. As per Susan (IR) today there is also a MAJOR announcement coming up within a month or 2. My father, who is also vested in Itemus, talked to her today. She can't understand why people are selling at these levels... especially when Datagistics... is getting ready to roll. Apparently, its potential is bigger than the balls of the people shorting this stock right now. I would have to agree with her when she says she cant comprehend people selling (simply weak hands).
My brother added 30,000 more shares today (you could probably have seen it) in the afternoon at 1.15 with no worries even if she drops short term. To much good stuff to come. Word has it (SUSAN) that Itemus' fledgling companies are doing quite well. Take it for what its worth. Trevor.
PS: Susan... if your reading this... you're on for lunch, when and where.