VTEC what do you all think?

[abc]

Was at $40...now its 2 bucks and change.

[scmfinance]

Originally Posted by abc

Was at $40...now its 2 bucks and change.

The company that is currently trading changed its name from Look Entertainment to VTEC and just acquired the new symbol, so it wasn't the current company trading at $40 before.

However, the current company has made a nice run although indicators point to the stock being overbought now.

Additionally, the two sites they list as owning (www.pizza.net and www.lookitsmeontv.com) don't seem very successful. Neither are listed on comScore and pizza.net has a traffic rank of 1,347,031 on Alexa while lookitsmeontv.com isn't listed on Alexa.

So in other words, the stock is currently WAY overvalued...unless I'm missing something...

[Idrove]

I will keep my eye on this but has been overbought almost all of August dipping down near 50 for a few and now its up above 70 RSI again. MACD has crossed which is a good start....we shall see.

-d

according to pinksheets - they have changed direction 5x since 11/02 and this current business..

based on chart - looks like news on 8/2 started the trend up and today was a pretty good buying day, along with being second highest vol day...

VTEC INC. (VTEC) and PIZZA.NET the Search Engine Form Strategic Partnership With PIZZA the Magazine
Thursday August 2, 10:34 am ET http://biz.yahoo.com/iw/070802/0285684.html

VTEC INC. Partners With Virtual Life Systems to Provide Pizza Search and Ordering to Virtual Worlds
Thursday August 2, 12:20 pm ET http://biz.yahoo.com/iw/070802/0285754.html



Company Web Site - http://www.vtecinc.net

Outstanding Shares - 4,573,552 as of Aug 15, 2007

Authorized Shares - 175,000,000 as of Aug 15, 2007

Float - 700,552 as of Aug 15, 2007

[dissfigured]

What are y'alls thoughts?

Buy more?
I got out at 2.20

Now I am wondering if I should get back in.

Do you think it will keep going up?

sheesh after checking this out a little, i did make a mental note to add to my watch list but forgot ::mad: good call!! had news today and rsi and sto are overbought and there is some resistance at $5. so imo it 'may' start to pull back but it may not so have no clue what to tell ya - sorry....

damn - sto is way overbought and this thing made a bigger move today.. congrats to all that got in around $2