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Yes, you are correct about our prefaces, and I know you know why we put them. However, what you say simply does not make sense. Even if you were to sell for a loss now, it is likely that this stock will see the mid teens again. Now, I personally do not believe in putting somthing away for the long term! While you could do that, if you just followed the stock and the market, you could be making a lot more money. The good news for IOMG is out, they are unlikely to form any more meaningful alliances in the short term, and cannot hope to raise margins by too much. However, it has already been mentioned that there are more likely downward revisions on 3rd quarter earning. This, coupled with an unrealistically high p/e ratio that exceeds reasonable multiples of even 97 estimates, probably means that IOMG is heading for the mid-teens. I believe that after 3rd quarter earnings would be a good time to buy. With its negative news behind it, IOMG will only be looking towards the future. This stock should begin to lose its volatility also, as earnings become more solid, and the inevitable happens to syquest :) |
