3SOF

There's no doubt, the outstanding shares of the company are 778,184, so the actual market cap is $15.5*778,184 = $12,061,852.

This also means the stock is trading it's float several times today ...

I believe the big rise was because of these news:

Catuity shares soar on software deal

Tommyt here is the article about he CEO bailing.

http://www.thestreet.com/_yahoo/tech/software/10229409.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Nice one TommyT I was wondering if you were still in it. Yep the market cap is as you calculated David. I personally think this stock has become momo traders toy, so be very careful when trading it and take profits swiftly, not one I would hold overnight to be honest.
Mike

Hey guys.  Hate to spoil the fun, but I am not a CTTY supporter.  If you guys want to trade it fine, but I wouldn't hold it for any length of time.  The company is only a handful of employees.  I am from the Detroit area and where they are located their office is nothing  more than a corner store shop.  They are near downtown but not in the heart of downtown.  If you do a mapquest of their office you will see where they are located and if you know the detroit area you'll understand.

The CEO dumped all his shares and quit once the stock spiked.  They had some good news recently and the stock ran like crazy.  I would not be holding this stock for long.

Just my opinion.

I'm confused by the stock?   It moves erratic as hell and then returns to where it was as if nothing happened.. doesen't make sense.. and who is trading all of these shares if its traded over 5 times its float just today?..

How do the daytraders play this? Do they just buy at the bid and sell at the ask when there is a .12 or more spread usually?  I don't now?.. any insight as to what is possibly driving the pricing is greatly appreciated.. bought in today at $15.54 but no idea whats going on trying to learn something here.

Do Daytraders short this stock as well? 

Trunk,
Yesterday, new highs were made at the 3:30(I think $14.30), then a massive sell off below my purchase price of 11.60, only to close at 11.68. Premarket it was 12.65. I don't know if this helps, but I did a partial sell @ 17.30 and will be completely out by 3:30. If it looks like buyers return, so will I. What the heck?

FYI - CTTY has been on the Stocklemon S-list for a while.  Make your $, just don't get caught holding the bag.

Dear Reader,

Two weeks ago, Stocklemon warned on Catuity Inc (CTTY) while the stock was trading at $18 a share.  After taking a quick run up on a meaningless announcement, the Chairman of the Catuity quickly sold all of his stock and resigned his position.  Just yesterday, Catuity filed an 8k notice of deslisting or transfer stating that they are out of compliance with Nasdaq Marketplace Rule 4350. 

Yet, the stock is up close to 75% in just 2 days.

Stocklemon believes that Catuity is still just a lemonade stand and the recent run up can be more attributed to day traders and speculators rather than long term or institutional investors. 

The Catuity story has done nothing but gotten worse since the first Stocklemon warning.  The story has become so stupid that it make TheStreet.com list of the 5 Dumbest Things of the Year.

http://www.thestreet.com/_yahoo/funds/editorsdesk/10230504.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Last time the stock was trading at this value, CEO Racine told Marketwatch, ""...there's just no justification for the level we're at now." 
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B79BD6453%2D0A2F%2D43C9%2D90CE%2DD81AF8BD4633%7D

Stocklemon believes it is only time before the company either raises money or gets delisted from Nasdaq and therefore will send the shares back to their pre June value of under $5 per share. 

Cautious Investing To All.


Stocklemon.com

Are you still in J.B ?
Good move today with nice volume to go along

Another SURGE today !!!!

Today's strenght will be a selling opprotunity.

I think you´re right.

Seems to pullback probably to the daily 50 EMA.

Bought $ 17.60 yesterday.

May take off today.

Chart always has a tail on it.
Seems bullish signal is in place based on how it was shown in the past.

CTTY today, watch it.

-Jeff-

Added with a tight stop.

It will pop very soon, IMO.

Be careful though.  Took the money made on SPIR and bought more here.

We will see, -Jeff-

Nice rebound.

Between SPIR, DXPE & CTTY not bad today.

-Jeff-

CTTY is in non-compliance with 2 NASDAQ listing rules and faces de-listing August 1 if it doesn't appeal.  I would expect an appeal and possibly an attendant rally, but this is a "parabolic return" candidate.  It was only $4 a month ago.  Be careful with this one.

It's currently $12.52 BID...12.60 ASK

http://ts-lc.sc8.finance.lycos.com/1122490841125?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:CTTY&Interval=D&Permission=1000&Ht=400&Wd=600&Display=2&Study=&Param1=&Param2=&Param3=&FontSize=10&LocaleID=0x0409