CTTY.PK

[shawFund]

Another example of pull-back buy. It has very strong support at $9.00

Today, it is at $16, 60% gain in two days.

[David Randolph]

There were some news this morning that changed everything: Catuity ralllies on product deployment, letter of intent

Good luck to those holding 

[Melf Elf]

Another example of pull-back buy. It has very strong support at $9.00

Today, it is at $16, 60% gain in two days.

Scottrade didn't have any shares available this morning to short, so the shorts are really getting squeezed since they aren't getting any help from additional shorting during this morning's rally.  It would be interesting to know if there were any shares available for shorting at other brokers.

[Melf Elf]

There were some news this morning that changed everything: Catuity ralllies on product deployment, letter of intent

Good luck to those holding 

A "customer loyalty card" doesn't sound like it's going to add enough to the bottom line to warrant a 60% rally in two days, especially when the company lost $1.50 last quarter, and lost $0.75 the quarter before that.  And, the company was threatened with NASDAQ delisting at the end of July.

I think you were right when you said short squeeze.   

[Melf Elf]

BTW, look at the July percentage increase in short interest.   

CATUITY INC  CTTY 
Shares Short 249.70K
Days to Cover 0.2
Short % of Float 33.30%
Total Increase / Decrease 12,771.13%

[shawFund]

Agree. Most likely short squeeze.

[metro]

You know I like to watch the 9-day EMA for bounces and CTTY is at it now so maybe tomorrow a bounce - will watch as even a dip further to the 12 area could work - the 9-day is the darkest line and the 50-day is the orange line

[metro]

That worked out real well with a nice move off the 9-day - over $3

[fill_the_gap]

See a Bo on the chart.

Should fly short term.  700 k float.

Very Bullish.

Buying more CTTY.   

[la-onda]

updated chart:

[la-onda]

BO ALERT !!!

Catuity Closes $5.29 Million Raise and Acquisition
Thursday September 1, 3:01 pm ET

DETROIT & MELBOURNE, Australia--(BUSINESS WIRE)--Sept. 1, 2005--Catuity, Inc. (NASDAQ:CTTY - News; ASX:CAT - News), a provider of POS-focused solutions, including loyalty and gift card, said that it had closed a USD $5.29 million capital raise and its acquisition of Loyalty Magic Pty Ltd.

The Company now believes that it is in compliance with Nasdaq listing rules and will advise Nasdaq of these events. Catuity will await confirmation from Nasdaq that the Company is in compliance.

Catuity, Inc. makes the point of sale more profitable for its clients by delivering products and services that reduce costs and generate new revenue. Our retailer clients have more than three million consumers who participate in Catuity-powered loyalty programs. More information on Catuity is available at its website: http://www.catuity.com.

In conjunction with the provisions of the "Safe Harbor" section to the Private Securities Litigation Reform Act of 1995, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's Form 10-K, which is filed with the US Securities & Exchange Commission.
Contact:

[la-onda]

hi,
I would appreciate technical advise!!!
was this a false BO ? 
thanks in advance
Oliver

chart:

[njshiva]

Reversal..?

Dilution here (from 10k) not sure if it is that significant.
"
Applicable securities listing rules of the Australian Stock Exchange and Nasdaq Capital Market require that we obtain approval from our stockholders for any conversion rights for the Senior Notes and Preferred Shares, and exercise rights for the Warrants, that would result in more than 335,000 shares of Common Stock being issuable on conversion or exercise of the foregoing securities. Accordingly, such exercise or conversion rights are specifically subject to obtaining stockholder approval. We agreed with the Investors that we would convene the Special Meeting to seek this approval, and recommend to our stockholders that such approval be given. In addition, the transaction documents limit each Investor's beneficial ownership of Catuity to no more than 4.99% at any given time, subject to the Investor's waiver of such restrictive covenant upon giving advance notice to us. "

[setravis]

Changed Ticker Symbol
'CTTY' is no longer valid. It has changed to CTTY.PK