Bob, If my wife knew the gains I have made on IOMG over the last year, she would probably divorce me for a 50% share! Figure by the end of the year it should hit a million.
You might want to stay single for now and when the news spreads at year end that you hold IOMG long, you can have your pick of the ladies, wining and dining them on your IOMGA IDIOT YACHT!
Glad you are aware of the advantages of holding tight and buying more on the dips. This stock, as all strong stocks will, must correct after the kind of stong performance IOMG has provided it's shareholders over the past few months.
Please be advised that today at 5:00pm, the Cabot Market Letter recommended a "BUY" on their hot line number. They advise "DO NOT SELL but HOLD ON TO YOUR WINNING STOCKS"....."if you have profits in winning stocks such as IOMG, remember all strong stocks with good fundamentals and strong long term momentum have corrections from time to time. You should sit tight and ride out the correction."
Cabot has made me wealthy over the past couple of years by teaching me to be an investor and not a trader. I had attempted to do the latter for years and have never timed high sale and bought back at the proper low. Usually, emotion effects the decision. This has resulted in losing out on many gains I would have easily realized by just staying long. As my financial goals are longterm, I have found that buying and holding a stock, adding more to positions on a correction, has benefitted my net worth considerably. To easy to guess wrong. Besides why should I not use the IRS share of my gains to continue to grow my account value? A sell results in 33% to the IRS...$$$ unable to work for me!
IOMG has not tanked. There is no going out of business sign on their corporate headquarters. Why is the stock lower? My God...This stock is at right now at 77 3/4 pre split!! What do some of these people want? This stock closed at 69+ on Friday 5-17. It closed at 75+ (up 6) on Monday 5-20 as this latest surge began. Don't be concerned here, there is NOTHING to lose any sleep over...unless you got out and are trying to decide when to get back in. Hope those of you that believe in IOMG that "TRADE" this stock "GUESSED" your sell at the high. Your going to need the profit to pay the tax. (a.e buy 500 shares at $20, sold today at $40..($80 pre split)= gain of $60 per share. 500 shares x 60= $30,000 gain. Tax = $10,000 federal only. In order to have the same dollars working, you would have to repurchase shares $13.33 less than the sale or at $27.66 after split price. If you are a gambler and believe IOMG will drop to $27...go for it! I wouldn't take that bet! I do not see much further correction.
Neil |
