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ITGJ was highly recommended on this board 2 weeks ago.....the chart and news looked good and so I bought some.....since then it has dropped about 64% and nobody talks about it.....what happened?
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I've been holding for about 5 months now and am still down about 30%, this thing looks like it might do something halfway decent by then end of the year so I’m sitting on it.
-------------------- Life is a game, have fun!
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I don't know if it is worth it to hold on for 5 months. Mainly, because I like to trade and I get bored just sitting and waiting when I could be trading. My father, sits on stocks for years... but he mostly buys blue chips....and he has been quite sucessful at it. He says anyboby who trades penny stocks is taking a real gamble.
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They are applying to be a part of a 600 mil+ project in European IT. The deal will close (or not) by the 3rd week of september. Right now, it's speculation on that.
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The news sounds encouraging, Akira. I think I can hold on intil the 3rd week on September. I hope you got out in time on Friday (NXPW) before it can down. How did you make out?
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At least you made money. It is very difficult to determine how a penny stock will behave when it is on the move, especially a highly volatile one. When a stock moves up as rapidly as NXPW did, you never know when the big money makers (mm's) will decide to cash in their chips and go home leaving the small investor crushed. The trick is to put your SELL in before they do, otherwise you will lose much of your gains and they will make all the money. Its the little investors versus the mm's.
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I am in until the big blast. Which I expect when all of the cash (from the projects) starts rolling in. But for now I am content to sit and wait.
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People Even if they dont get the European deal, its only a matter of time till it goes up. To many other great projects on thier plate to ignore them. However if ITGJ gets this $770 Million project, Im betting they become one of the richest Pinkies ever.
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Patrick....it did run nice.....You've got the idea backwards.....Now is not the time to sell....now is almost the time to get back it.....Sell on the RUNS...when it is high...... If you are still holding....the MACD is about to cross and will go up this week.....I'm looking to get back in......
Good luck to you.....
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Yeah, the waiting sucks, but just distract yourself until then.
Last week, there was some activity, I don't know if anyone else was watching, but I saw 13 mil in volume go very quietly, all buys throughout the day ... there was also an 8 mil day on all buys, so it's either someone or a group is stocking up for something ... or there happened to be a number of random buyers coincidentally giving a bunch of action within the same time frame ... which seems rather unlikely for something as under the radar right now as ITGJ.
Could be the sleeper hit of the summer ... which we all need since everything out at the movies has sucked.
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One other thing I might add. Kobi (the CEO) has returned answers to my emails several times. And when it went up about 2 weeks or so ago, he sent me an email (not an answer, but an original email) asking how he did on his promises so far. Kobi is a truly great fellow and keeps the course to grow the company. To me that makes a keeper right there.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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One good thing....it can't go too much lower...it can only go UP. Anybody know a where I find more detailed stock information such as, float, shares outstanding. shares held by institutions and the like....I haven't had any luck.
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If I recall, there's about 3 billion O/S, but that is about 75 percent held by insiders. Don't let the dilution scare you. As I have said before, at this pps you can buy all 3 billion shares of this company for $ 1.8 million; and they have over $ 60 million in contracts so far this year. Do the math. (I can get the specific O/S if you want).
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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quote:Originally posted by Patrick: I'm glad.....I was starting to get depressed. I need to get my timing down so that I'm not stuck with a stock for an extended period of time.
What I mean is, I seem to being buying late in the run or at the wrong time just before it drops.
Boy do I know THAT feeling!! Hi!!
-------------------- It takes a lot of attaboys to make up for an aww chit
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