bull you abrasive S.O.B. How dare you suggest such IOMG heresy.
Few comments. (1) Got a hoot out of your post on Emerald Research and their "backyard approach" - Yeah right, just ignore that man behind the curtain. Backdoor approach is more like it. An IOMG shill.
(2) the rebate question has been of interest to me all along. Personally, I never cash in my rebates. I always mean to, but somehow it always seems too much a hassle.Reciepts, bar codes, box tops etc.
For this reason, I really didn't think IOMG would have to pay out more than a small fraction-just a sales gimmick.
I DID figure that if rebates came in at a rate of any more than 30-40%, IOMG would have to lay out more Bucks than would be good for the bottom line.
Now IOMG says "greater than 50 less than 100" (closer to 50 than 100, whatever IOMG gobbledegook you what to hear.)Lotta money!
Personally I'm with you on this one, if CEO is spewing doublespeak like "closer to 50% than 100%", I'm inclined to think 74.99%.
(3) I always figured a company giving out rebates was in trouble. Hey you don't see the Auto companys giving rebates on "sports utility, mini-vans, trucks etc." only on cars, which no one is buying these days. If it's such a great product why have a rebate at all? Everyone should be lining up and offering to pay double just for the privilege of ownership.
(4) Folks can ridicule my "cute little Technical analysis", but hey this stock is STILL up like 8-10 times what it was a year or so ago. Ridiculous valuations. My charts are also showing distribution and I bet a test of the gap at 20.
(5) When the small fry FINALLY figure out that they are out gunned by the Smart money and that the precious "short squeeze" they've all been waiting for ain't gonna happen, the rats will leave the ship.
(6) Lot of "weak holders" right now (look at last 15 minutes of furious selling on earnings day.) Lot of people that bought high and just want out when they break even, and lots of people like me.
EX. -I made a killing on IOMGs initial run. I still have some shares (after all those stock splits, I'm playing with the houses money), but if this pup tests 27 and fails, I'll be one of the rats swimming to shore. Yes, I too am a weak holder and my trigger finger is itchy, depends on the next couple of days.
NEWS FLASH-this stock ain't goin back to 50 or even 40 anytime soon.
Keep telling it like it is. You obviously have done some work, better than I can say for most-long OR short.
Jeff
BTW-Hows the thing with you and Janice going. Been swapping collanders yet? ; ) |
