Ideanomics Inc (IDEX)

[JimWin]

The drop to 2.72 isn't surprising. What was surprising was how much the stock went up in such a short space of time after the billionaire investor bought.

The famine of news is slowly sucking the life out of this stock. The longer that there's no news, the more it will drop. Will it get back down to 2.15 before August? Who knows.....unlikely I think but you never know with these small caps. It's clear that someone has been exercising their preferential shares; as to how much has been exercised is anyone's guess. It's never encouraging to know that this is happening as this could mean impending doom for a stock.

On the other hand, It's been almost a month and a half since the last set of 'news' and the CEO of YOD was quoted saying that a 'big' deal could be announced within 2-3 months from May 15th, maybe even sooner. Any day there could be an announcement that causes the stock to spike again. For those who believe this news is coming, now is probably a good time time to load up on shares. It can be argued that there wasn't anything much to justify the share price being just under 4 and it's now back down to reasonable levels. Also, whoever exercised their preferential shares may just be doing it now because they need the cash and they are in the money with YOD if they sell.

Who knows what the future holds for YOD. A $0 stock, a $30 stock; time will tell.