I think we are all in the middle of a sucker's market.
There are scores of hi-techs that have crashed and burned on the
runway. Iomg is just another one of them, even though many here feel
it is immortal and cannot die like the rest of them. My feeling is
that the speculative, gambling, greedy get rich attitude that chased
this stock so high has evaporated for good. The market will no longer
pay out for the supposed fantastic future of these companies anymore
because the cutting edge can change from one technology to the next
overnite. This is a different world and a whole different ballgame
from what it was in march, april, may and june. The good old days
of hype run-ups are over. People are extremely cautious and are not
in the mood to take chances with their money. That is why only the
safest plays are winning now. Who knows what the economy has in store
for the next 6 to 12 months? I think the climate will become even
colder and it will be even harder to make any decent money by trading
in speculative issues like Iomg. (Many still view Iomg as a gamble)
What has gone "too low" can even go lower, belive it.
It was forming a bottom at 35, then 26, then 22, then 18, then 17, etc.
Be careful about "backing up the truck" and loading up too soon,
wait till the big panic selloff, then buy if you dare.
- John |
