yes, it's amazing how long it takes some stocks to go down, however today it did go up first after today's hype release, it's descent is good for us, volume has declined dramatically, less people buying means less interest, momentum will leave IMON, soon hype releases won't even have an immediate effect.
And with 44 million shares soon to be outstanding, IMON won't be going after anyone. At this point, my short is profitable and only made me more money today, I will wait. and see. Even the scam jobs from the offshore guy who CNBC cancelled on, and the newsletter couldn't keep this going. IMON will release any crap to keep their stock price up, the warrants, stock options and bond conversions are the only manner in which IMON can bring in cash, it postpones the inevitable, but sooner or later, the dam won't be able to hold all that stock back and it will break, when it does, it will go down very quickly.
Re: NATS, I shorted some a few days ago covered all yesterday @ 3 5/16 (the 500,000 float did worry me), watch out on this one though, I honestly can't see what type of an announcement they could make aside from another MHMY type scam where they say they'll have a web site up before the end of the year. RPII was another one I shorted and rode down, that was also up big today. I'm sorry but I won't go long in either of these and won't short unless valuation gets EXTREMELY obscene again. If this happens, don't hold too long, that was a mistake a lot of current longs made.
all of the above JMHO, take it with a grain of salt.
cheers
rr |
