The bulls were in control in the early going on Single Touch, but the stock has made a round trip back to its starting point, and the bulls are now in the back seat.
I’ve heard both sides to this story. Trailing revenues are minimal, and the balance sheet is not particularly strong. Then, there’s the issue how to value the AT&T and WalMart relationships in the early going, and the stock might seem to be a bargain.
Nevertheless, SITO is providing a ride- $2 to $2.50, now $1.70 over a period of two short weeks.
If you have a trading mentality, now is the time to jump in or add to your position. Now is certainly not the time to sell.
The company is going to take some time to really ramp up on the revenue side.
They are just getting their campaign started with WalMart. Nextel Mexico goes in June. AT&T is still their marketing arm. This could really ramp up over the course of this year.
SITO could continue to be a real rodeo ride. More news will be out with huge players. Look to accumulate on dips.
What the heck just happen.
Editor: I don’t know. This is insane. Now, it’s firming up, and looks like it could rebound. I’d like to see it go back to $2 right away, but who knows.
should I jump in at 1.70 or 1.25 your the one selling
Editor: This has been insane. I hope it goes right back to $2, but who knows. Looking out a bit longer term, there’s a lot of exciting stuff going on here. I can’t hope to predict the price on this one. As far as selling, I don’t have any I can sell. I don’t know where you got that idea. How would you like to be one of the people who sold it at $.55 yesterday. Nearly a triple since then.
Sito just announced they are not meeting payroll. How much longer can they stay in business?
Editor: They are going to be around. You’ll just have to trust me on that one. The company is going to be huge.
Just noticed that besides not making payroll that they are not paying their accounts payable.
I hope Tony Macaluso will put in some money to keep things going.
Editor: Their revenue stream is picking up in a major way. This one is going to surprise all the doubters.
Millions of restricted shares will become free to sell in July. How will this affect price of SITO stock?
Editor: It could go down if they want to sell. However, I don’t believe that happens until the Fall sometime.
Stockholders have been told they can sell after July 24, 2009. They dream of getting $2.00 but will accept anything above 25 cents. Millions of shares will be sold ASAP.
Editor: I guess we’ll see. How would you know. Are you a stockholder?
Are you done covering this company? What are your thoughts?
Editor: For now, I am done as announced today. The WalMart relationship is not gelling fast enough for me or the company.