I think IMOT at this lofty level is full of hot air and hype just like any other BB that shoots way up on hype. I am short IMOT. I learned my lesson the hard way on a couple other BB stocks filled with hype just the same way that IMOT is.
Just look at how little verifiable information you guys can dig up. The only meaningful verified information I have seen is that IMOT generates very little revenue: 4K profit in 2nd qtr on 8,466,973 shares ... this looks like a PE of $8.50/0.002 = 4250 (annualized EPS = 20K/yr (being generous) divided by 8.5M shares = $0.002/share)
You keep comparing this stock to YHOO. Do you know how many other stocks have had the new investors shouting this same thing only to be dearly disappointed in the end. Sure there have been other internet stocks that go up (EBAY, AMZN, etc) But none are BB, and none are nonreporting.
Just look at the chart of any nonreporting BB that shoots up 200%, 300%, 400%, 1000% in a short time. They all have 1 thing in common. Every single one comes crashing down! I can show you many BB stock charts that fit that pattern (DGIV, INFE, MTEI, PNLK, etc...) - all touted as the next XXX. All nonreporting. All big question marks. Lots of ifs and buts. All came crashing back down! How many BB stocks can you show me that shoot up 400% like IMOT just did and sustain it?
I'm just playing the odds by being short. And the odds on a nonreporting BB company falling once it shoots way up and loses its momentum is way in my favor!
Good Luck to you though!
Cheers
Mike
P.S. the part about IMOT saying they are about to become reporting ... that is another thing I am sick and tired of hearing nonreporting BBs say. So many say they are about to be reporting, about to pull off some big merger, about to go NASDAQ, etc. And very few ever follow through. |
