> I will be buying the hell out of it.
> To me that is a great opportunity.
I hope you're right, because I also got caught up in this company -- no too long before the delisting and crash from over 3 to way less than a $1. And any good news -- stock relisting, orders, a loan which eliminates the need for the receiver, the relaunch of dealseekers.com -- could send ITEC back up.
But meanwhile this company isn't even OTCBB, which it's website message to investors promises, and I recently read some discouraging history about this company -- an excerpt of which is quoted below. The gist is optimism for this company often outstrips reality.
Why are you optimistic? (I'm really curious). Also would you know why the original dealseekers.com shut down?
- Charles
=====================
The San Diego Union-Tribune?
November 30, 1999, Tuesday
HEADLINE: Split image: ITEC is sinking while its stock is soaring
[excerpt]
There's proof: Cows can fly. So can dogs, according to the bears who were hooting at the bulls' ravings yesterday on day traders' chat rooms.
The subject of the rantings: Rancho Bernardo's ailing Imaging Technologies (ticker symbol ITEC), now under the control of a court-appointed receiver and starving for funds.
But in one month, even as more grave corporate news came rolling out in a public filing, the stock has zoomed from 14 cents to $1.38.
That's going on 1,000 percent in just one month. Qualcomm should be so lucky.
Yesterday, in ITEC's steep ascent of 66 cents, there were an astounding 47. 2 million shares traded -- double the number traded in Cisco, triple the number in Intel and more than the combined number traded in Microsoft and Cisco. Prior to the recent big runup, normal volume was about 120,000 shares. |
