Your mistake is that you buy when you feel that good things are happening. The name of the game is to buy low and sell high, so you have to buy low to play the game right, and that means you have to buy when BAD things are happening, or at least confusion and fear.
What I like about IFON is that they have/had the delisting issue which caused confusion. They are not showing profits, which is great, because it only takes a little to show a profit, and that small swing will do wonders for the price, and also that their revenues are lower year over year (since this was due to exiting the United States, this is a good thing, as it scares people away).
This is a perfect stock for me, and over the last week I made a move and bought more, and I now own one percent of the company. I went from 90-110K shares that I had since the first of the year, to just over 140,000. Average is about 46 or 47 cents, and I am ready for some good news. Win or lose over the next half a year or so, I have put myself in position to make a score if things go right, and probably not lose any at all if they continue to plod along.
If they don't make it happen I am prepared to wait two years to get out, but will always have a good chance of a spike to higher than the current price no matter what. If they do well, I will make multiples on my money, maybe even this year. If they really do well I can make a nice slingshot move with this investment.
No guarantees. We will see what the next few months brings. I am probably holding out for $2 or more no matter what, even if it takes a few years. That is a good return, and history says that IFON will be at $2 or more between now and the next 24 months.
No more posts. I am loaded up and will wait between one week and two years to see what happens. Bye.
