mike; on IATV; (IMO) the stock is doing exactly what it's supposed to do; we've seen the 'typical' 50% retracement to $12.50, and now the stock is poised to create a firm base at these levels.
Let's remember the history and prior patterns of IATV; if you look back over the last three months, this stock does not go straight up. It keeps forming it's base of support slowly, but once it's base is firmed-up, the stock usually doesn't retrace more than 15%. So, we may see $10.00 before we see $20.00, but, it really doesn't matter if you're in IATV for the long haul.
The stock is still up 160% since Feb. 99', and it's important for all investors to keep the current (deflated ?)price in perspective. Its closing price today @ approx. $12.50 is only disappointing for those who bought at higher levels. To these new investors I would say, please keep in mind that if the stock was at $5 just three months ago, where do you think it will be three months from now (assuming the support level remains at $12.50) ?
If the history of this stock is any indicator at all, and if the chart is to be believed as a valid method of technical analysis, then IATV should be priced between $30 -$35 per share by the end of July 99'(IMO).
Patience, my friends, this one is worth it...best regards, sw
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