Erik, Don't sweat it. Keeping a cool head during this sort of time is essential
to making money in the stock market. What is going on is quite healthy for the
market and IOMG investors longterm. The market, and IOMG in particular,
really needs this correction - as I said several times in earlier posts. It
prevents a major crash from happening which will surely drag IOMG down with it.
I noticed that there has been a general correction of significant magnitude in
the speculative sectors since 2-3 weeks ago, led by the IDID incidents, then
OCCF, Diana, Syquest, etc. Many speculators have been hurt big time and
pure momentum investors are nervous and begin sellings.
There are quite a few speculators and shortermers in IOMG and other super
growth stocks who are selling now. Considering the magnitude of correction
going on in the speculative sector and momentum stocks, IOMG has held
up extreme well. Only down slightly from a base of 40, while others are being
killed. Clearly, most IOMG investors are making a distinction between IOMG 's
super growth status and hyped speculative stocks that are being punished right now.
The smart investors would use this opportunity to buy. The market is healthy,
and this egg did not break under tremendous pressure lately. When earning
reports come out next quarter, the true story will be told once again to investors.
And once again, IOMG will be on top of the heap. |
