Value Microcaps Motherboard

[researcher59]

arnie70: IPII

I sold about 60% of my sizable position in IPII but am holding my remaining shares. I think the stock will be range bound for the short term, and so I've also established a small trading position. I bought a few shares in the low 17's today, and will accumulate more if it goes lower. Also looking to sell if it spikes up again.

I visited my father over the weekend in Bradenton, Florida. There's a huge amount of construction going on in that area along with Sarasota just to the south. I was quite impressed. But also noteworthy is how many homes are unoccupied ... clearly there are plenty of 2nd homes that are vacant in the warmer months.

New and existing home sales figures for May are due out later this week and will likely be strong. It could spark a rally in the sector, or a pullback, depending on the figures.