Sorry Glo, but I have to disagree with you on two things.
1. Now is the time to buy. Especially for those who are sitting on shares above 10. Another poster verified that there are a few out there. Averaging down at these levels with Cash is an excellent way to take advantage of the current lack of activity in this stock.
I have seen the super slow slide many times before. As a broker,money manager and of course as an individual trader/investor. There is an integral difference too this slide vs a boilerroom company.
The slide here is slow, and volume is low, but company is doing better financially than before.
I used to own shares in AFCI, and I loaded up when it dropped to 4-5. It was agony waiting it out, it would slide up to 6-7 and than back down again, but after just over a month, it popped. Why? Fundamentals.
I would be worried, and I would have cut my losses months ago if after researching, I couldn't find any financial substance to this company. That is what concerns me most, the bottom line.
Unlike you, I see ILNK scraping the zero barrier next earnings. If they are expanding, they are spending precious money, and that eats into revenues. Add JNC dilution, and we IMO are looking at a near break even qtr.
2. The other thing that I disagree with, is your strategy of not selling to force MM to quit lowballing shares on the floor. You are forgetting the following. First of all, you will never be able to get everyone to cooperate, and even if you do, Institutions compete with each other just as individuals do, and one thing MM's have the opportunity to make money on that we don't is Arbitrage. A dime here and quarter there, and they are picking up extra cash everyday for their company accounts.
I am not a gung ho tech analyst, but I acknowledge that since so many follow it religiously on Wall Street, that it becomes a self fullfilling prophecy therefore, from a market psychology perspective, it becomes a valid tool to determine direction.
Thus, ILNK has bounced off the high 4's low 5's twice. It is zeroing in on this critical level for a third time. If it bounces, than we are in for a nice ride up, which I might add could be a quick shot or a super slow climb depending on how media savvy Edwards and Co are.
If it does not bounce, than the stock could return to its original levels prior to your call to buy in the mid 2's
I highly doubt that this will occur considering the recent cash infusion, and ILNK's recent partnership and client agreements.
Unrelated to your post, is the fact that most of these so called Indavo distributors are small time sales reps who threw up GeoCities type web sites. This is not what ILNK needs, this in fact can damage their credibility. I am all for these sales reps working hard to make ends meet by selling a product I believe in, but it ranks of amatuerism.
What I would like to see is a real retailer showing off the Indavo in their product assortment.
Whew some of those web sites were hit with a major ugly stick. |
