Since our alert in October, penny stock investors, not traders who bought into Single Touch Systems Inc. (OTC:SITO) have seen gains of over 93% and expecting more. Still waiting to see some record numbers when they file their 10-K, SITO stock hit a new 52 week high on Monday after recently announcing they surpassed sending one-half of a billion, 500,000,000, mobile messages on behalf of their retail clients. With the biggest client, WalMart (WMT), being the bread and butter of their revenues, reports of holiday sales could be enough to speculation needed to keep the mobile marketer on its bullish trend.
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SITO Stock Chart
Market Cap: 72.73M
Close: 0.55 ▲ 0.069 (14.35%)
Volume: 130,190
Dollar Volume: $65,465
High: 0.55
Low: 0.49
Trades: 29
Average Trade Size: 4,489
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The Company offers mobile phone users one of the largest free-to-end-user voice and text mobile messaging programs for some of the largest retailers in the U.S. through a Master Services Agreement with AT&T (T). The technology is so proprietary that, in November, Single Touch Systems notified Amazon (AMZN) that the online retailer may very well be violating one of their online streaming patents. This is one of the reasons why SITO stock has gained over a quarter, 0.266, and has some investors holding tight with expectations of more.
While the focus for many is on the revenue growth, some are more interested in the possible payout from any lawsuit Single Touch might be able to win or avoid with a payout against Amazon. The Company has taken the position that Amazon violated their online streaming patents, the same possible patent infringement they accused Hulu of violating in August, when they sold a video service, similar to Netflix (NFLX), to Amazon customers. You can understand why they would be willing to fight for their right on this since some of their patented technology was actually purchased from Microsoft (MSFT).
Expecting payouts from lawsuits may not be the best method of decision making when it comes to investing, the blue sky territory that SITO stock has now entered is cause for celebration for many. The Company has now sent out over 500,000,000 in the past two years, a subscriber base which is not dwindling from the free service, and the stock price is about to test not seen in over 18 months. Any positive news on December retail sales, the economy, the fiscal cliff, or when Single Touch files their 10-K is likely to blip the share price across the 0.60 mark – a gain of more than 100% from our initial alert.
About SITO Stock
Single Touch Systems Inc. is an innovative mobile media solutions provider serving retailers, advertisers and brands designed to drive return on investment for high-volume clients and/or customized branded advertisers. Click here to view the SEC filings for SITO.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 12/24/12 | 0.5500 | +0.0690 | +14.35% | 130,100 |
| 12/21/12 | 0.4810 | -0.0090 | -1.84% | 384,400 |
| 12/20/12 | 0.4900 | +0.0100 | +2.08% | 267,700 |
| 12/19/12 | 0.4800 | +0.0200 | +4.35% | 292,700 |
| 12/18/12 | 0.4600 | unch | unch | 156,300 |
Bottom Line: SITO has a tremndous run considering it one of the real penny stocks on the OTC and has had no promotional activity other than real events. Sometimes the blinders are on for traders who think the OTC is strictly for pump and dumps which forces them to miss out on the hidden gems like SITO stock since they lack volatility. If one had to choose between volatility and gains, hands down, the answer would clearly be gains.
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