Ideanomics Inc (IDEX)

[JimWin]

It's also important not to have your head in the sky. Everyone knows that with news the stock will move. That isn't an epiphany. I've said that in most of my posts. The problem is that there hasn't been any news for over 2 months for this technology growth stock. It's not about being negative. The last quarter's results were far from good for a company that has a diluted market cap of ~80 mil but one thing that was good were the proposed plans and projections.

Without any updates on these plans, people will inevitably sell the stock because of the uncertainty and risk that's involved with the current market valuation. This is how the market works. The billionaire's involvement and Shane's purchasing of shares helped to avoid the stock from sinking into the 1s this quarter.

As is usual on these boards, if anyone brings an alternative view, longs with their heads in the sky are always quick to say that someone is being negative and to leave. It's really funny when I see it all the time.

That said, today has seen an interesting rise with some large purchases. It would be interesting to know who's buying.