Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ITEC classic turnaround with Internet twist -- Ignore unavailable to you. Want to Upgrade?

To: DEER HUNTER who wrote (301)	9/2/1999 1:00:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 431

Good luck to you to. I agree, that I think this is way oversold right now, but we still could easily hit .25 in the short term...Hopefully we are at bottom now...it does look to be basing in this .35 - .40 range. In any event, and in response to someone else's earlier post...I do think we are at buy levels .75 and below. Anyway, that's when I started buying and have kept buying all the way down. I see no reason why we can't get above $1 and stay there, and probably alot better......We've had several runs to $1.50 - $2.00, and now, with the company looking as good as they ever have, we are under .50 Good luck to all longs....Patience usually pays off. Case in point. With my traditional broker I had a bunch of shares of a company that I bought last year...wen't down considerably and stayed at .50 with basically no volume, no news no nothing. Had this been sitting in my online account, I would have hit the sell button a long time ago and bailed at .50. I didn't. 2 weeks ago the stock in question hit $3.00, where I didn't sell. It fell back down to $1.00 and then in the last 2 or 3 days it came back to $2.25 where I sold half my position, and the other half is still on the rise as I type. Good news has come out, the company looks like it has a very bright future and could be a $10 stock on it's own, or much higher if it gets bought out which is likely considering the product they have. Anyway, my point is, I would not have been patient had I been able to easily hit the sell button....because I was forced to be patient and not give up, I made a great deal more money. ITEC is perfect example. This stock tends to sit and base without alot of movement. But when it does move, it normally makes a nice little run. I intend to try my best to be patient with this. This is a pretty solid company. I figure the share price will eventually reflect this fact, and in thinking about this....I would imagine we are pretty damn low as far as share price and valuation is concerned. If they don't go out of business, I would venture to say we will see considerably higher stock prices one day. Do I think they are going out of business ?? Absolutely not...I mean, they just got voted one of SD's 50 fastest growing co's, they announce new business and new deals pretty consistently and etc, etc.....it certainly sounds like a company with some pretty good prospects, so I for one, wil sit patiently and see what happens. Good luck to everybody......