Why I Bought The Only Stock That Aims To Monetize Social Networking
Posted by timothysykes on Sat 12th of Jul, 2008 02:32:00 PM
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TIMalert subscribers know I bought 3,000 shares of IdeaEdge, Inc. (IDAE) at $2.25 and $2.28 Friday mid-day because as I said in the alert:
“this is a perfect breakout, chart is strong, social networking gift cards for launch this fall, whatever the hell that means, myspace parent company founder joined board..i’ve been telling promoters who call me to create a social networking pump, maybe this is it…unfortunately somewhat illiquid”
(seriously stock promoters have been calling me, pitching their ideas as longs…it’s funny as hell…keep ‘em comin’ guys!)
Well, now I’ve done a whole bunch of research—technical and fundamental—and I’m more confident that we’ll see a continued rise next week—odds were good in the first place as the stock has only had 3 down days in the past 2 months—ideally, following the same trend where stock price and volume gains are larger each day of the breakout.
After all, last time it showed this same kind of breakout pattern (late June), it went from $1.40 to $2.15 in 3 days, or a 50% rise…3 big white candlesticks in a row—Friday is only the first big white candle (plenty of room to grow volume too) and this time the breakout began at $2.15 so $3…maybe even $4 is not out of the question (last breakout it didn’t even correct much off its highs…meaning nobody’s worried/is selling aka everybody expects/is manipulating the stock to have a bigger rise)
My last perfect breakout buy was China North East Petroleum Hldng Ltd. (CNEH) (see article HERE) (same strong Friday afternoon action…up 20% on Monday and Tuesday…same 3 white candles before retracing) and now this company has a surprisingly many number of things going for it, albeit not fundamental related, more hype-related, which I prefer anyway:
-Their social networking card debuting this fall could really be huge—this is a $100 billion market (see the graph on their executive summary page) that hasn’t tapped social networking at all and their proprietary technology is all protected by intellectual property (they claim based on filings to have no competitors aka big media company will have to gobble them up if they want in) and considering they now have the equity funding to launch this potentially revolutionary product
a.) the time is ripe to monetize massive social networks like Myspace, Facebook as ads ain’t workin (Youtube only has $200mil in revenue…revenue, not profit!) (and think about getting offered to chip in for a gift right alongside every Evite…microfinancing/microblogging are all the rage these days so why not microgifting?)
b.) even if it flops, its easy-to-understand/eye-popping product and the anticipation of its launch should inspire plenty of investors to create a big/continued stock climb
c.) Their strong management/connections and PRs tease that they’re already talking to many big chains like Starbucks and Barnes & Noble (imagine being able to gift your friend the bookworm a B&N gift card or your cousin the coffee drinker a Starbucks card when you see their birthday pop up on your Facebook list of upcoming birthdays!)
-Strong management—CEO worked his way up at Gateway computer, eventually becoming CTO, overseeing $25 billion of consumer sales and their VP of biz development has gift card connections galore click the link to read more.
-Bigtime boardmembers—Joe Abrams, former head of Intermix—owner of Myspace which got sold for $580 million (great deal for News Corp and it’s gotta piss Joe off, maybe enough to get him to try to hit $1 billion valuation this time around)–and he was founder of another software company that sold for $462 million—either number would be fine for me and IDAE, which would be $12+/share and another guy who’s not as important but was the former head of Disney’s retail operations.
-No actual business/shady PIPE investors—it may seem like a negative, but having no current business and shady investors means this stock can be pumped in a similar fashion to other stocks that go up every day caused by anticipation over their bid idea products mixed with with gold old fashioned manipulation (market makers + PIPE investors…the SEC is truly incompetent at stopping/caring about them—that’s right SEC fu$#tards, that’s a dare!) like fraud favorites LOCATION BASED TECHNOLOGIES (LBAS) and MAXLIFE FUND CORP (MXFD), which are $270 million and $495 million companies both without any revenue whatsoever. At those manipulated marketcaps, IDAE’s stock would be priced between $7 and $13—although those marketcaps were hardfought/took a year to build aka Enron wasn’t built in a day!
-Tight supply/demand—37 million shares outstanding, but float is 4 million and as of January, there were only 335 shareholders…so now we’re probly talking 500 aka impossible to have much selling pressure…for now!
-Predictable upcoming announcements—that same executive summary says, “Final award of our most significant patent is expected by the end of 2008” and teases upcoming partnerships with major chains like Starbucks, Circuit City & Barnes & Noble
Long story short, we’ve got a social networking pump on our hands—the dump is probable…of course there’s never been a social networking pump and in this space all that matters is eyeballs, not revenue/profits so “business success” is actually possible too (Off topic: promoters, why don’t you use Facebook/Myspace to spam, might help spread your “research” more?), but based on the chart, price action, share supply/demand, predictable timing of the product launch/upcoming PRs, it looks to be rather far off…especially since there’s not even any reports of IDAE spam (sadly…c’mon PIPE investors, pony up a few mil and let’s really get this show on the road!)
For now, enjoy the ride up, and spread this story everywhere as it’s actually rather exciting/unique, the exact way the pumpers planned it to be!
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Really clean looking chart on IDAE… I believe this is the company which provides Safeway their kiosks of gift cards - could be wrong… Nevertheless, good looking out.
IDAE’s chart looks clean and perfect. Poised for a solid runner. Nice find, Tim.
This company hasn’t done anything yet. They have tons of talent, but it all comes down to if this catches on to the masses.
- Could be a real winner, guess we’ll see soon.
I got in Friday TIM…Excellent research.
as I find myself Forrest Gumping my way through life
this is a straight scam like the others. Who’s this guy saying they have talent? most likely will continue up.
OOIL next runner, first public demo of their technology ever coming on Thursday! Watch the pump here….
According to Google Finance, they have 3 employees…does that matter in any way?
“this is a straight scam like the others”
That is just an ignorant post.
Many great companies start as a Reverse Merger on the OTCBB, and offer killer returns.(500%+)
My question to anyone who thinks this is one of the 95% of scams is simple
Why would Joe Abrams put his name on a scam? Why would any of these guys risk their reputation for a few million?
Do your DD and you’ll find these guys are not everyday joe dirtbags, but serious players. It only means one thing, a lot of people believe in their software platform and launch.
Guarantee this company will see $250MM market cape even without substantial revenue.
Tim have you abandoned your forums?
@Penny Master
“why would Joe Abrams put his name on a scam?”
He already has… and the symbol is CKRU.
Get your facts straight Rook.
NEVER fall in love with a small cap. Trade em, don’t invest.
Tim, youre not getting paid to write this article are you?
Tim why didn’t you use your broker account linked to Covestor when you bought IDAE, your trades arn’t showing up on Covestor.
haha nope not getting paid to post this–after all i do call it sketchy/manipulated…and no i havent abandoned the forums, 2000+ unread emails take priority….and this stock is in my thinkorswim account, not sure why covestor didnt pick it up
new post:
http://www.timothysykes.com/ti.....t-selling/
Samurai, Covestor is slow to update when it comes to Thinkorswim. Sometimes Tim’s trades don’t show up until after the market close or until the next day.
samurai there is a parameter with covestor if your on top 20 on the list your trade will be live after 17 hours of executed they cant be responsible for massive crowd following any JOe on there platform if something goes wrong or the trader make a pump on one scam…
Tim is this Action from you? Been in IDAE a while and looks like were gonna have our biggest volume day.
Can I say thanks?
definitely has support,
look at the small trades dinging the ask trying to break through. Looks like they fighting the short sellers doing the same on the opposite side. Couple that with profit takers and buyers and hey, you got a market:-)
Hey Tim, it says on the frontpage you sold your IDAE at $2.49. Is that true and why did you sell considering you said it may go to $3 or $4?
beeatch, cuz as i explained in several TIMalerts and on here, i have the patience of a squirrel in a nut factory…also dont have the capital/trades to wait around to see if i’m right with a partial position…none of which matters to u as i just pick em, u trade em and on this one, i’ve been dead right so far
TIM! You’re awesome. 315$ on IDAE for the day!!!!!
I just got word of you Tim today actually. IDAE was the firt thing I looked at. Pretty sweet call in an UGLY market! Look forward to seeing more of your public calls before subscribing.
this is pretty neat site i’m learning lots of stuff from tim and all the peeps who post comments