Chid:
Sorry for the wording error. IOMG is beyond explanation. I hesitated
going in at $49, it was a mistake. Clearly, the co. has done well,
but the recent price is mysterious - a) no corporate news, b) no
product announcements. Maybe because of short covering, addition to
Cabot mewsletter, etc.. I will have to check EDGAR to see if institutional
investors are adding, which can cause the stock to go up rapidly. I
once thought that IOMG will die because DVD was coming, I was wrong.
In any case I think it will take a breather, because there are only two
emotions in the stock market which are "greed" and "fear), and both
will set in soon. This is a normal explanation, but who knows what
IOMG is up to.
I think that USRX will test $92.25 again before it goes up. The rally
is now pretty much on low volume. High 80s to low 90s will bring in
new buyers who will try to jump onto a winning stock. The winners for
thi year's market have all been identified, and over the last two
months I have seen that the strong have gotten stronger.
Deepak |
