SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : IOMG just dropped $3.50 in 15 minutes (5 million trades!)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Guy Gordon who wrote (18)9/30/1996 11:39:00 PM
From: ben.   of 25
 
IOMG is a good stock, but take a look at all the threads. Start from AOL to PRODIGY and the the theme is the same. A lot of people are now married to the stock. Instead of seeing it as an investment, we now chase it around like the Grateful dead and that creats the volatility. Take a look at the ownership ratio and you will find that individual investors make up a big chunk of it. If you follow the market closely, you will notice that most of the current run up is from people buying 200 to 500 shares. You are right when you say retail investors don't want to sell, thats good for the stock but the problem is, THEY DO NOT CONTROL THE MARKET. #2. IOMG TRADES ON NASDAQ WHERE YOU HAVE MARKET MAKERS UNLIKE NYSE.#3. REMEMBER THAT NASDAQ IS NOT AN OPEN MARKET BOARD. It will only take two 2m trades by a market maker to wipe out a week's gain. Notice what happened on thursday last week when somebody dumped 1m shares towards the end of the day and the stock lost $3.00 in five minutes.
Yes I own a few hundreds of the stock and would like to keep the stock, but the volatility ratio is way too high and that is why AOL moved their stock from NASDAQ to NYSE. I don't want to loose my money. I am in this to make money, so my fears is the million dollar question every investor faces, sell now and loose potential future profits or hold on and loose what you already gained. Very stable stocks gradually go up. Go figure
cheers
ben
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News