Re: This stock could be INTeresting INT(TSX-V)
in response to
by
posted on
Apr 27, 2011 09:43AM
We may not make much money, but we sure have a lot of fun!
I got into it just over 10 cents for 75 k shares, sold them in the 80's area then bought another 40 k in the 50 area and rode it to just over the 3 dollar mark. Someone then put out a creative blog that said they were not counting the usage numbers correctly and the price tanked back to close to a dollar. The company has since came out with a release stating that the 12 million user numbers was correct. The word is this was a purposeful takedown as the price was running 75 cents a day. Rumor was it was to be on bnn yesterday[not sure if it was] and on may 20th Simmons is going to do a demonstration and talk to 50 countries around the world. They put usage numbers out each monday and the thing people keep talking about is that the have more users than facebook did after the same amount of time.
Looks like it may have bottomed but i think they easy money was made, likely a good story going forward, they seem to have a few good patents. I am out at this time and if it falls to a buck i'll get back in, some friends i got in it just bought back in at the 1.50 to 1.65 area. I took the money i made which was a good sum for a few weeks wait and put it into PEM which i think will be the pick of te yr.