Member Info for chilting

The court judgement is very clear and as its a direct constitutional issue, its unlikely to be overturned by the Supreme Court.

As for Congress, we will have to wait and see, but their is a growing split in the Republican Party.

Another outcome could be Trump discarding the courts and issuing another far reaching state of emergency.

However, he may draw back and just concentrate on grifting his crypto - some say his personal wealth has doubled since the start of his second term.

Yes, good point,I guess it will depend if its proven that TCS were at fault.

The BBC are reporting that the hackers gained access to M&S systems via Tata Consultancy Services (TCS).

M&S said access was via a third party, this seems to confirm that maybe TCS was the third party.

TCS worked on the award winning Sparks reward program with M&S.

https://www.bbc.co.uk/news/articles/c989le2p3lno

86/47

Yes, excellent numbers with the cyber attack casting a cloud.

The aim now has to be to turn a negative into a positive for the long term and improve, what has to be said, was a fairly mediocre web site.

86/all hackers!

Share prices fluctuate obliviously due to supply and demand, but more so because of positives and negatives.

Unfortunately the negatives are holding ITX back at the moment.

It doesn't matter that its a great company trading well with excellent potential- these are the only positives.

The negatives are - a poor trading environment with a US recession and high stagflation a possibility - reliance on imports from China - the company is still small - AIM listing - dealing with large corporations, who are notoriously slow to make decisions, more so when the economy tanks.

So ITX remains a very strong and simple hold as we wait for better times - don't expect to much and top up while the SP is low - anything else is a bonus.

Uncertainty is certainly controlling the macro logarithms at the moment and even small sells result in far bigger falls than are justified.

The problem is that there is no end in sight, although the mid-terms may fettle Trump in November?

The "talks" count for nothing.

Its just a question of when Trump backs down, hopefully sooner rather than later.

However, when questioned yesterday he said that he didn't care that the US ports were running at very low capacity.

I guess when the website is back up and running that there will be a big PR promotional sale to regain lost revenue, not much good for profits in the short term, but will clear the backlog of stock and give customers a chance at some bargains.

The macro logarithms will be heavily set against ITX - what ever the company says - so I don't see the SP moving up much.

But, the main thing is that we, as investors, know the company is in good shape, trading well, making good profits and has a healthy future.

Yes, very good and reassuring update - it looks like Itaconix might even benefit from Trump's economic madness, especially if he continues to crash the dollar.

Much better!

Hello Smart

I am positive now, but I don't think it will be in the way you suggest.

US trading partners now realise that if they don't make deals that Trump will be forced to back down.

Its already the case that US ports are shutting and stores are saying that there will be empty shelves in two weeks time.

All the pressure will be on Trump to capitulate.

China and the EU just have to play a waiting game.

Meanwhile Itaconix, I trust, have plenty of raw materials in hand to ride out the storm.

Not good and fall out still ongoing.

One positive, It does look like no customer details were compromised -

"We previously informed customers that there was no need to take any action. That remains the case, and we will let them know, if the situation changes."

Hopefully no big fall out over the cyber incident - just the slowdown of systems.

The SP has I think gone overbought because MKS is seen as a safe-haven with little exposure to what is clearly now a black swan incident.

I don't see this as a big problem because the SP was heading for this level but probably later in the year.

However, the whole market is in severe danger with a recession likely if the uncertainty continues.

But, there are many more guns than people in the US, so I live in hope!

Company news is pretty irreverent to most companies share prices at the moment.

Just when it seemed the situation in the US could not get any worst we see Trump attacking Powell.

Something needs to change drastically in the US to avoid a US recession.

It seems inevitable that share prices have a lot further to fall if Trump remains in power.

One interesting development - ref Bloomberg.

China have reduced purchases of US oil by 90% at a cost to the US of 20 billion dollars.

The Chinese are purchasing Canadian oil instead - a big boost to the Canadian economy.

Uncertainty is the dominant danger for Itaconix at the moment - hence the fall in the SP.

US companies will be putting all investment, product launches etc on hold.

No US company will be able to guarantee guidance they have made for the rest of the year.

The US will enter recession, maybe a realty bad depression if this continues, at some stage.

The lunatics are running the asylum!

Jds15

its just personal views - take it or leave it.

Personally I invest long, but some of the traders on here have been far more successful than me over the last few years.

The scenario is building for a Trump capitulation on tariffs.

I don't see this lasting more than a couple of weeks because -

1. Political pressure is building on Trump.

2. The courts will be asked to judge if he can impose tariffs without approval of Congress - the act he has used as an excuse doesn't look valid, re Fentanyl.

3. China hasn't used its biggest weapon yet - to sell US Treasury Bonds - its the second biggest holder after the US Treasury.