I understand fundamental investing as well RFB. That's the real kick. You simply cannot accept that money flow indicators are another major tool for entry/exit decisions above and beyond any fundamental analysis of an issue.
Show me the last pinksheet stock that Warren added to his portfolio.
"Investors" usually lose money in pinksheet stocks. Don't play the story, play the money flow and MM levels.
The bet here right now is on Toole and his ability to penetrate the SMB marketplace with IWEB products. His past track record of 20 years indicates he will succeed. This is the leadership play you should be focused on right now. It is already evident on the IWEB website and the company hiring "several" sales reps (hunter mentality...I love that term) that Toole is establsihing a base for awareness and future sales of IWEB products in the SMB arena. (JMO)
I previously called 105 as a low for IWEB based on a MM level. It went to 102 (man, did I really blow that one...(LOL)). The stock since then has acted wonderfully and ran into resistance at 165 after a 40 percent plus run. It should take a breather and retrace. 15 has been an evident accumulation point. Those that understand charts and can read fibs will place their orders appropriately. News, of course, changes everything.
I do not believe the upcoming numbers a few posters are excited about (to the downside) will do much of anything to the PPS. People are not focused on what they did prior to Toole (JMO), they are focused on the prospects moving forward. Traders should have sold at the top of the channel if they were going to sell, and have set up their bids at the appropriate reentry point (JMO).
When I mention accumulation, I am simply referring to price action at certain points combined with the A/D line. Investors also use charts...at least the smart ones do...even for big board issues.
Always nice chatting with you RFB.
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