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Strategies & Market Trends : Trader J's Inner Circle
NVDA 177.00-1.8%Nov 28 9:30 AM EST

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To: snerd who wrote (4665)1/15/1999 10:49:00 PM
From: hoffy  Read Replies (1) of 56535
 
>>>Hoffy... IMON... Hi hoffy. I could handle some of that for sure. But, I just took a quick look at it, and see the 52 week range of .40 - 2.62. Is that possible? I guess just on the hype and speculation? Just amazes me that a 2 dollar stock can go to 20 overnight! Crazy times we're in!>>>>>>

Why not. SKYM went from 3 to 45. AAGP from 2 to 30, EGGS from 5 to 40, DLIA from 4 to 32.
And these are not great companies with pretty poor earnings. IMON has a new internet search engine that could be huge. If it doesn't get to 20 I will be surprised. I'm betting on somewhere between 20-50 depending on how much it gets hyped and how much presss and ink it gets. EIther way at anything under 10 on Tuesday this is almost a steal.
Long term I have no idea what this company will do. That will depend on it's ability to promote and sell their products. But I am not playing that right now. The internets trade on future hope and hype and IMON certainly has both of these. Between now and the release of their software on the 29th this will be on a nice upward ride.
The shorts are going to get murdered on this one.
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