Ideanomics Inc (IDEX)

[LK13]

you must do your own DD - but right now the stock is just being shorted and quite frankly its not the smartest idea. Stock has been seeing low volume for a little while which is another cause for the drop (this stock flies with volume and believe me its coming). The stock also has decent support levels. Being added to the russell index gives it great exposure to investors. Many will disagree but I personally see this company becoming the Netflix of Asia in near future. What is also interesting is that they hired KPMG for their accounting needs - not to read too much into it, but they must be doing plenty of things right to be affiliated with one of the BIG 4 accounting firms and more importantly one of the BIG 4 to be affiliated with them. Have patience, this stock will not disappoint you - but you also need to know when to get out.