Everyone already knows that IOMG is the next standard. Stores are selling them like hot cakes. The problem is that it doesn't seem to matter to the market makers. The final price at the end of 4Q is going to be 29-34. However, we're going to experience a roller coaster ride until then. In addition, the "good news" about the Zip across America really isn't going to do anything to IOMG prices. I can remember a lot of better news which pushed the stock up a point one day, then IOMG was down the next. Frankly, this news won't have any affect on share prices.
On a more positive note, I do beleive that the biggest hills, like the one which peaked at 55 and declined until 12, are behind us. However, I am almost certain that we'll experience several hills with a ten to fifteen point spread. Still, that's incredibly volatile by anyone's standards. 27 is the top of the hill, and we're building downwards momentum at 22 3/4. For those of you holding long, make sure you're strapped in for the ride. There'll be a dip, but then you'll be cresting at the top of the next hill within 6 months. For those of you who are going to be trading in the short term, your shirt is going to be flapping in a 4-7 point breeze. Make sure it doesn't fly off your back.
Happy Trading... |
