The penny stock that was most talked about last week, coincidentally, was that of iTalk Inc. (OTC: TALK) as buyers from the first trading session has nearly doubled their money. While the bulls ran hard off news of acquiring RocketVoIP last week, this week is set to kick off with the premarket already buzzing as TALK stock gets ready to surge after launching their new product, the Dell Inspiron Mini 10 with built in 3G/4G iData mobile broadband. Despite having nearly 2 billion shares authorized for distribution, CEO David F. Levy is making it look like his history as CEO is repeating itself and traders are loving every minute of it.
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TALK Stock Quote
Market Cap: 48.45M
Friday Close: 1.14 ▲ +0.0800 (+7.55%)
Volume: 1,341,200
Open: 1.09
High: 1.155
Low: 1.07
1st Resistance Point: 1.1733
2nd Resistance Point: 1.2067
1st Support Level: 1.0883
2nd Support Level: 1.0367
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While iTalk’s CEO boosted investor confidence greatly when he announced the acquisition of RocketVoIP by issuing 500,000 restricted shares of TALK stock coupled with 2 separate, onetime payments of $25,000, the launch of their product into the Dell Mini 10 netbook is sure to light a match under the share price of the newly traded penny stock.
As we covered back in December when iTalk and TALK first began making some behind the scenes moves, Levy was the former CEO of SubMicron Systems Corp., drove the start up company to a $171.5 million revenue generator back in 1997. While TALK stock is still as fresh as spring to many in the northern climates, the chances of seeing a real bloom during the course of this month is becoming more and more likely.
About TALK Stock
iTalk Inc., fka SOPAC Cellular Solutions Inc., is a development stage, mobile communications company using innovative and disruptive technologies to offer consumers a high quality cellular alternative while severely undercutting all major national carriers.
Click here to view the SEC filings for TALK.
Click here to view the website for iTalk.
Previous 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 05/02/13 | 1.0600 | -0.0800 | -7.02% | 1,643,700 |
| 05/01/13 | 1.1400 | +0.1200 | +11.76% | 2,308,400 |
| 04/30/13 | 1.0200 | +0.0420 | +4.29% | 2,631,000 |
| 04/29/13 | 0.9780 | +0.0980 | +11.14% | 3,734,900 |
| 04/26/13 | 0.8800 | +0.1800 | +25.71% | 7,712,300 |
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Bottom Line:
TALK stock took no time at all to land itself on the top 10 traded penny stocks during the course of last week and is saw some high levels of accumulation. Considering that TALK is so fresh that it has yet to even create a 10-Day SMA, the bullishness behind it is so strong that anything less than $2 would be a shocking surprise over the course of the next 2 weeks.
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