In addition to the quiet period ending on Saturday (with coverage beginning Monday), I think we have earnings coming out next Thursday. I don't want to be looked at as trying to hype the stock (although I am long), so let's just say I am very optimistic. This stock has not had any kind of runup so the downside is very limited (in my opinion). It has held up very well in a tough market. I think the upside is significant.
I also questioned fellow poster bueno's logic in shorting ITXC under the circumstances. Surprisingly (sarcasm), he didn't respond with any kind of rational analysis. He just repeated over and over again how ITXC was going to crash. He is really scaring me. I better sell as soon as possible (more sarcasm).
In response to my saying that ITXC has not had a runup, you said "This thing hasn't stopped running since it came out of the box. For me close to 100% in just three weeks. Running just fine, thank you."
If you take away the first 2-3 days of trading (always fairly volatile for an internet IPO) which saw both ITXC's low of $18+ and its high of $44, ITXC has traded in a very tight range of $30 to $35 almost the whole time. It only recently broke above $35. I do not consider that a runup by any definition, although what I really meant was that it was not one of those internet IPO's that is trading in the $60 to $100 range, triple+ its original offering price.
For you to have made almost 100% on ITXC so far, as you said you have, you obviously got in at the very bottom on those first two days of trading. For that I congratulate you. I am quite pleased with the stock too and I only got in at the low $30's.
In any event, I think all ITXC longs will have more to cheer about this week. Let's hope we are in a situation to debate in the near future just how great ITXC's runup has been.
bueno says ITXC is going to crash, oh no! I had better sell all my shares fast. It does not matter that ITXC is the leader in B2B IP telephony, a market that is in its infancy. It does not matter that some of the biggest names in business are investors. It does not matter that the stock has held up well in a tough market. It does not matter that revenues are rocketing. It does not matter that some of the world's biggest telcos are customers.
All that matters is that bueno says sell! SELL! SELL! SELL!