GREAT WORDS OF ADVICE AND REFLECTION, you couldn't have hammered the nail on the head any better than this..."Now if I were a long term investor (in this thread, that means about 6 months ;.), I'd survey the situation and say with very high probability (maybe 80%), I could count on my IOMG investment being substantially higher than it is today. Now faced with that expectation, I could: 1) Sell now on the chance the stock will drop enough to make my decision worthwhile (after tax) or 2) Put my stock certificates in the vault and don't take them out until mid-January right after Q4 earnings and sell then at substantial profit. All you short term bears, why do you think you can market time a stock like this, especially when a substantial reward awaits you just by staying put?"
IMO, if everyone is selling NOW in anticipation of a bad Q3 and waiting for Q4, don't you think the stock is already down and will only go up due to Q4 (assuming it's a good quarter...I couldn't imagine what would happen if Q4 is bad...given the very short term nature of traders in IOMG). Remember, the price of a stock reflects (theoretically) all news...good and bad. You won't be a genius by selling now and buying after Q4. It would be too late for that. THE BOTTOM LINE, IMHO: if you believe in the company, its products, management and future prospects (becoming the standard), then just sit tight. Take some profits along the way; buy more shares as actual events unfold. blah...blah...blah. Also, if it's true that individual investors such as you and I own approx. 55% of IOMG, then we do have a tremendous ability to affect the price...by holding long and squeezing the shorts. By short term panicking and selling do you benefit those crazy shorties!! My $.0000002 worth (FWIW). I'm new to this thread and far from an expert, but I do have some common sense!
(ps.. Great news on the opening bid/ask!) |
