Replies to post #14411 on Value Microcaps Motherboard

[hweb2]

arnie, re IPII

The momo players seem to be latching on to any stock with a low float lately. IPII has superior fundamentals to most of the stuff that's flying, so wouldn't surprise me to see another run to $25. But I just remember being able to load up in the $9's after that blowout Q1 report. There has been no news since then. So stock would have to come way down for me to buy back in...and I don't see that happening in this market.

[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.