Throw all that garbage out the window. The pros can't get the charts right on this thing. Look at American Bulls, over the past two years they barely doubled their $100 on IFON, while on many issues they show a several-thousand percent gain.
Every time they say sell IFON it tracks up, whenever they say buy, it plummets. Hard to read a chart on such a heavily manaiputed stock and such a porrly managed company.
Due dilly means nothing here because just about the time you see their fins improve, they throw a krappy Q in to destroy any momo they might have had. Mix in a product rollout that never rolls out, global exchange rates that aren't favorable, Chinese New Year that disrupts production and shipping, and a host of other excuses, and there is NO reliable way to plan a decent trade here's....except for your tried and true, buy low/sell high strategy. LOL LOL.
The pros can't do it. Every board has one.
Looks like we are in for another one of those 1.25 day surges, followed by a months-long sell down. Add in a disappointment on the software, another bad Q report in August, and then.....Oct. 30 will be fun, huh?
I followed IFON for over 10.years. I felt good about getting in when I read about the Phablet. Ah, yes, the Phablet. Lol.
Now it's the cloud-based software platform. Launching THIS quarter, no less. Or not. Joe will say there weren't enough clouds in the sky on the proposed launch day, and it had to be scrubbed. Or he'll blame it on the Chinese......again.
Like I said, throw ALL trading strategies out the window on this one.
I'm averaged down now to where there may be an escape hatch for me at some particular point of being manipulated, er, traded.
And, please no more of your trading lessons. I'm not worthy.
