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Technology Stocks : IONN - ATT deal - begining of higher profile? -- Ignore unavailable to you. Want to Upgrade?


To: Outer-limits who wrote (69)1/4/2002 6:15:12 PM
From: Outer-limits  Read Replies (1) | Respond to of 79
 
You might be right about this scenario. I've noticed that many of these sub-dollar stocks make it up to about the 1.60-1.80 level before backing off. Today may have been the climax top for IONN for some time(finished well off the highs). With absolutely no positive news to explain it, I too was very suspicious about the move (that's why I sold at 1.09, wish I had waited a day). Any stock that has no discernable news sending it higher (especially a dollar or sub dollar stock), should scrutized closely (makes me nervous). So lets see where this whole situation unfolds. Love to get back in, but I'll wait for it to settle back down!! One more thing, the Nasdaq requires a stock to be above the dollar mark to continue trading (eliminated that rule in 2001 until year end). This may also be part of what's going on. Bottom line, this stock could be a VERY dangerous investment at these prices. Good Luck!!!!