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Replies to #318 on Research Pit
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Waitedg

06/02/05 5:20 PM

#319 RE: Waitedg #318

If I have figured out the effect of the "e" removal correctly, I can now see a possible rise to about the $1.27 area.
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Mr. Zen

06/02/05 6:21 PM

#321 RE: Waitedg #318

Waitedg re IDCO, as you know the 'e' means a late filing, to most investors that is a major red flag and will avoid or sell into an 'e' tag...What happened here (as it was explained to me) the filing was on time but part of the transmitted documents were corrupted, therefore could not be accepted.
Many short term traders play the 'e' removal because of the spike in volume and pps that follows it.
I have noticed you have the ability to call these high and lows and I think you are right about this one, I would like to see more than a consolidation tomorrow with a pps closing over 1.00.
I still think fair value on this stock is about 1.50 and anything under that is a gift. This company does not brag a whole lot so the past press releases have to be understood fully to see the potential here. And company officials seem to be very upbeat about the future, even if I cannot pry anything out of them about what is coming.