While all the talk is about how the penny stock of Lot78 Inc. (LOTE) just won’t quit after eclipsing $10 to hit $11.65 today for gains of 1,152% since we alerted on LOTE stock on March 13, chatter is starting to rumble and they’re using iPods to do it. Traders who sold LOTE too early, dropped the ball on Goff Corp. (GOFF), or just flat out needed a tech stock to chase have been acquiring iTalk, Inc. (TALK) like it’s on sale at a pawnshop. Shares of TALK stock have been nothing less than eye-catching in their first 3 trading sessions highlighted by their signing a LOI to acquire RocketVoIP, Inc., an established 10-year-old residential and business broadband VoIP phone service provider.
What we will all soon be finding out is if converting your old iPod to be able to make VOIP calls is all TALK or if there is some real action behind the technology.
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TALK Stock Quote
Market Cap: 41.65M
Last: 0.978 ▲ +0.098 (+11.14%)
Dollar Volume: $3,499,824
Issued and Outstanding: 42,500,000
1st Resistance Point: 1.012
1st Support Level: 0.917
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ITalk’s TALK stock has wings right now and for very good reasons. Not only is it a fresh ticker with only 3 days of trading history behind it, but the business concept they are attempting to achieve and their total SEC compliance of filing an 8-K with each corresponding PR issued is proving to be a strategy traders have grabbed hold of with total confidence.
Last week, iTalk announced the launch of their premier product, the iTalk iPod Touch Sleeve bundled with an Unlimited Nationwide Talk plan for just $9.99 per month. Assuming the product will actually be functional and readily available across the county and eventually worldwide, the iTalk iPod Touch Sleeve could be a major threat to Nokia (NYSE: NOK) if it truly does revolutionize the smartphone sector by creating a powerful low-cost alternative to currently available expensive smartphones.
With 200 million users that have recently purchased iPods, iPads and iPhones, TALK stock is rapidly approaching the $1 level, despite the fact the the 25-for-1 forward stock split effectuated back in December created nearly 2 billion authorized shares for issuance. Then again, this isn’t the first time David F. Levy, CEO of iTalk Inc. has ridden the roller coaster ride of a fresh start-up.
For now, as long as iTalk remains focused on marketing and sales of prepaid and postpaid enhanced mobile broadband and telecommunications services to targeted groups of retail subscribers; individual consumers, businesses, and government, TALK stock should continue to hold a strong position atop the list of penny stocks to watch. With the regularly updated SEC filings, traders will have an opportunity to continue to monitor if and when more of the authorized shares are issued before looking for exit points.
About TALK Stock
iTalk Inc., fka SOPAC Cellular Solutions Inc., is still in development stage and has generated no revenues to date.
Click here to view the SEC filings for TALK.
Click here to view the website for iTalk.
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LOTE has had a superb run since our alerts were issued at $0.93, gaining more than 1,100% in the process. TALK is seeing plenty of sympathy trades head its way in the wake of those penny stock traders who missed the boat on LOTE stock at around the same level TALK stock is now. With GOFF falling on its face with the pumper action of Awesome Penny Stocks’ failed attempts to break $1 once again, 2013 is looking more and more like the year of the $1 plus penny stocks for those who are banking in the big money profits so far.
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