Ideanomics Inc (IDEX)

[esb1015]

stanlee1979...

Quit reading your charts! They mean nothing to a stock that trades in 50K lots all day long. This could go to $0.0001, but that does not mean long term it won't see $2/share. This is a viable business that has yet to really start doing what they are preaching as their main business line.

The $0.088 that Fidelity paid put in a price point that we are 40% down from. Not a big deal since we are talking pennies on a company with no profit. The down side is that to secure financing at this point from another source means Fidelity gets a chance to purchase more at the lower price as well which dilutes share value.

If you watch the level II, you will see that over the past few days large blocks on the buy side which is pulling the shares down. The people that bought at $0.12-0.14 are getting out and willing to sell at the lower prices.

Fidelity agreed to pay $0.088 not because the shares are worth that, but because they see a long term prospect worth betting $10million on.

And yes I do own shares, and yes I will continue to buy more, and yes I care if it goes to $0.0001, but taking a loss on a prospect is all part of the game.