Intertainment media (int.v )

Riding the wave of hype. huge volume. got in at close yesterday at 0.445...up today...trying to figure out when to get out...

holding it overnight....hopefully the right choice...wishing four a gap up for the fourth straight morning.

Max, you would kick me for jumping on this one if you saw the financials...this is purely a "momentum" play.

I probably should have got out before the end of day though....

As long as you are learning, its all OK. I should kick myself for all the stupid trades I have been making lately. It is the curse of boredom in a sideways trading market that leads me to lower my standards, and the lack of time to do proper research. Looks like a fine collection of shit stained hats in our future.

missed the 400% gain in 1 week boat but i did post modest gains of 10% here....i'm out.

Damn impatience. should have stayed. hindsight hurts.

The thing is... how would you have ever been able to predict this? Even my most optimistic projections of TRR were $2. You either have to know something, or be lucky.

I feel the pain!! How it hurts to watch a stock do that when you don't own any shares! Interestingly though, it traded over 40 million shares today and 50 million last week... that is 60% of the company trading hands in only a few days! I'm always interested in the new dynamics of trading after this many shares exchange hands.

There is speculation out there that this stock is a fraud.

http://seekingalpha.com/instablog/125578-admiral-george-anson/166808-intertainment-the-real-deal-or-the-latest-internet-stock-swindle-int-on-tsx-venture

That's a damning report if I ever read one.

What a fall from grace this stock has become!

This stock stressed me out just to watch and I wasn't even in on it.

Good find max.

This does raise one question for me though:

If the report is corect, does intertainment face possible sanctions from the sec?

If the report itself is a fake, does seekingalpha face possible repercussions from the SEC? (I know there will be a class action from shareholders for sure).

This is exactly the situation I was in with CCME. "No, its probably just a short selling conspiracy".

2 things give protection to the writer of the report.

1) It probably doesn't use any false information. Just spins the truth in a bad light
2) There is probably a heavy disclaimer somewhere in the website and report

Similarly, Intertainment hasn't really done anything wrong. They are probably overstating the potential for the company, but that is just an incredibly successful marketing campaign, not fraud.

So you are left now with doubt. But, you start to ask questions that you don't want to answer in the case that you own the stock and are underwater. Is translation software really that big a deal? Doesn't Outlook or Google translator already have pretty much the same thing already? In the end, with CCME I found that the short sellers were right and I totally ignored their reasonability check in favour of "evidence" that everything was OK in the financial statements.

General lesson learned from the past was not to ignore the warning signs. Short sellers are not stupid, and will probably not jump on a stock primed to rise 200% or more for no reason while paying interest the whole time they wait for their theory to play out.

well put. the damage is done. whether or not it is true is irrelevant.