r/pennystocks • u/AutoModerator • Jun 08 '26

General Discussion The Lounge

Talk about your daily plays, ideas and strategies that do not warrant an actual post.

This is the place to request buy/sell advice from the community.

Remember to keep it civil.

Trade responsibly.

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u/Single-Wolverine-907 Jun 09 '26

$ITP is primed to launch tomorrow after all the volume afterhours tonight.

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u/Relevant-Goal-3008 Jun 09 '26

will try to get in at 7am. I thought about it before trades stopped an hour ago and didn't pull the trigger 

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u/Single-Wolverine-907 Jun 09 '26

Best wishes, I have about 500k shares and I'm holding for a parabolic movement. Dreaming big.

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u/Anywhere-Adventurous Jun 11 '26

What makes you think it might move parabolically ?

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u/Single-Wolverine-907 Jun 11 '26

Its currently priced around 2-3% of its book value, which is an extreme liquidation scenario. Mix that with Management that has been trustworthy to almost never do stock offerings or incessant reverse splits, and a pending delayed 10-K which, if it says anything about a neutral financial standing or erases any going concern, has great odds of strong upwards movement...the 10-K can come out any time. Also, it's a China stock with great technical set-up. I like the risk/reward here.