Replies to post #2107 on Innovative MedTech Inc. (IMTH)

[Sheep]

Well I really thought today would have turned out differently. I think we are holding up well considering what we are seeing. I am long with this stock so I am not going to let the daily flux get me in a bad mood. Next week I plan to buy on any dips.

[sparky300]

Difficult to say where it's going exactly, my crystal ball is in the shop for repairs.

Today is a result of profit takers and panic sellers. Before the news yesterday, this was trading at 17. Probably where most of these people got in. They held today to see if it would keep moving up today and when it didn't, they sold at the bid causing the pps to drop, which in turn caused others who would normally have held to sell also. That is why it's where we're at now. Cause and effect.

Throw in the wackers and traders selling at the bid and it will not be able to sustain itself.

What this needs is a better class of trader. One who buys and sells at the ask.

[Banker2]

Oh no....I was just saying IF. That's the key. I never have any clue where a stock is going because there could be major factors affecting the stock that we can't see or don't know about, despite great technicals. Look at NEOM for instance. Great news came out for them, and their stock still went down. All the techs were there with their golden cross coming, and now, its trading like a bear.

I never make any assumptions on whether a stock goes up or down. All I say is IF this breaks support/resistance X, look for the next support/resistance level at Y. IF we break that, the next is Z, and so on and so forth. We are holding tight above .02, so as long as we can maintain that level, look for the resistance. If it breaks, then look for support.

Unless someone could come up with an algorithimic equation that takes a multitude of factors into account, no one knows where anything is going. For instance, IF C increases in a day by T%, AND RIMM increases in day by H%, AND GOOG increases in a day by R%, AND AAPL decreases in a day by J% ect..., THEN FRHV will increase by B% in the following day. Untill someone comes up with this, no one knows where a stock or the market is going.

[lostiniraq]

Day to day flippers have discovered this one. People who got in at .02 or less and can sell the next day at close to, or at .03 get a 50% ROI. Think about it, you buy $1000 dollars worth of shares at .018 on Thursday. Friday you can sell your shares at 0.027 and make $500 profit on top of your $1000. The stock needs to take a breather after pulling a huge multi bagger run last month. I'm sure that a few who were planning on being long here after the big run found a new flavor of the week to jump in on somewhere else also. I'm not saying anyone here has, but not everyone who trades posts on ihub. Still trading in a textbook pennant, so I wouldn't worry. Hope this helps.