Pete, re INTV...good question.
And I wish I knew, as I'm sure a lot of people on this board do as well. Buy honestly, I have not a clue as to when it will start to rise. Probably when lots of people like you give up on the stock, then it will rise for sure. That's market psychology for you.
Couple of points...
INTV gapped down from 14 to 12 early Dec., and has spent the past 7 weeks filling that gap back to 14, then what happened? It fell to the current price.
It also bounced down after hitting the 100 day moving average when it got back to 14. Bad news. I would love to see this thing take off, not becasue I own any...but because another stock I have, VCSI, sells a lot of voice recognition chips to INTV.
So in the meantime, just hold what you have, not average down (I could lecture for hours against averaging down), and wait for the obvious bounce up...remember, if your asking this question, so are a bunch of other people, a lot will sell, and since the public invariably sells at bottoms, the stock will begin to rise. I think it just has to shake out the weak hands right now.
Of course, the small loss Fri. could be a part of the overall market weakness, too! Almost everything was down Fri.
Kevin |
