"quicksand"... that was the funny part. Even after today I am still looking for the run up... and $1.70 is not high enough. I do see any run up being driven back down as EVERYONE is looking for a safe profit in this stock. After months and years of being beaten down, it won't be an easy breakout! But I am looking for a spike of nice proportions.
I was never looking for a run this week. I did believe John and others when they said "Big news was pending". But as before, the MM's use the news to shake the trees for people's lost hopes. I have not sold any ISGI since I first bought in two weeks before the TWT buyout. I think that the movement I expect, will hit without warning. As it does with many manipulated stocks. The MM's wake up one day and say "this is it"!
I too have thought long and hard about a reverse split. And John made a TON of sense in his previous message. When I first heard the dreaded word "reverse" I did not like it. But that's a natural reaction. But the more I study this company and the track record of other stocks with simular companies, I do like the idea more.
Look at ICCO, TCCO, OCCF, QLSI/RICA, PRST, and the infamous DNA. All of them had a small float! And when the float dries up, the skies open wide! For me, I like lots-o-profits! So I am leaning toward an approval to a proposed reverse stock split!
Mike Sawyer |
