No stock goes straight up... but within the last year the stock was at $0.40 pps. do the math. tomorrow when ever that is you may profit.... Question how much insider selling is going on in the stock.. BTW on the run up and down I sold 1/2 my position.
Sentiment: Strong Buy
Perhaps you should send Seeking Alpha a thank you note? Otherwise there wouldn't be so many people to warn about this stock....
Until a couple months ago, IDN traded only a few thouand shares each day.
Then the Seeking Alpha story appeared. Now the stock trades an average of more than 1.6 million shares a day. That is approximately 5% of the total outstanding shares trading each day.
Still no substance or reason to invest in this stock.
You should be very proud - 95% up! From yesterdays lows or recent highs? So why do you have IDN in your portfolio or don't you have it? If you don"t have it in your holdings why are you so obsessed with the stock? Let it go my friend and let all us idiots make our own decisions and you continue to make your perfect picks and significant gains... We all have reasons or beliefs in our stock picks and some will be poor, average or great! IDN could be .50 or it could be several dollars - you or any one else has the perfect understanding the future. They have $5 million in cash and no debt and a niche market - if they screw it up we idiots and losers, but if they hit a few contracts we have a shot. Last I looked IDN is still about 180% off its lows - glass half full... You are on a yahoo board bashing a stock to protect investors? Be a friend and pass on some of your great picks to share in the success. Everyone should do their own research and DD prior to making any decisions on this board including yours or mine!! Wishing you continued success.
He cant enlighten us, because its not true! Show us a screen shot with dates or we know you are being paid.
Would you please enlighten us with your portfolio?
Are we on the same planet. 95% of my portfolio was up today, way up. IDN is down 4% and more than 50% since its recent high.
Every stock Ive researched lately is in the red today, Wall Street should be renamed Fall Street or Scam Street.. it aint just this stock.
yeah but they have been issued at 80 cents, not 65 cents, which is 18% lower..time will tell
I have good news for you. You will be able to buy a lot more for much less!
Millions of additional shares have been issued to the gullible. The dumping of all these shares will only increase. BUY BUY BUY.
support the stock price ay 80c....... exercise his overallotment..... cover his naked short.....
is he realizing he makes more money by not supporting the price he can make more covering his "company sanctioned" naked short by letting the bottom fall out and covering with shares bought on the open mkt?
Gee whiz.... who can you trust these days if you cant trust a boiler room underwriter
I have to admit..... I thought he would provide the support too
I hope you have many gains and wish you the best. The issue is you can't pick selective stocks - look at ZNGA, SIRI and PLUG -- They all lost about the same amount from IPO or highs, but for some reason they have made some higher value moves at various times. They all are totally different from a balance sheet and market segment. Some have debt and some have cash and just trying to enhance their product or niche. Honestly? Do you think PLUG is worth $800 million? It's obvious some investors think so and thus leading to the most recent off the charts gains with a few secondaries in the mix. I don't think it should be at this level based on the revenue and dilution, but I'm obviously missing something and people are making money - I wish them the very best and hope they all have gains. IDN will succeed, be acquired or flounder based on a changed business model - product development, patents, vertical sales team, contracts - TSA, military (bases and ports), financial institutions, retail, or other sales. I believe with about $5 million in cash = .12 a share (after a quick .80 secondary of appox 2.6 million shares) and no debt they have a very good chance of penetrating various market segments and could have significant upside potential. This is my opinion and all investors should do research and DD. No one on this board can tell the future or truly knows what is possibly pending for any company. There are pumpers, dumpers and investors... This happens with many companies - if we all had the same opinion on stocks it would be difficult to have a balanced market. Let's agree to disagree on this one and wish you the very best and let each us walk away with some profit in our total portfolio. This is only a Yahoo board and some use it as reference tool knowing there are no fortune tellers or flawless experts posting..... Tomorrow is promised to no one! Good health to all and best of luck.
You are right. IDN does not follow the market. Just look at the graph over the last fourteen years. IDN lost 95% of its value in 14 years. The market went up over the same period.
The trend is consistent. But every once in awhile there is an incident like the underwear bomber or rumors of new contracts or the article in Seeking Alpha which excites a new wave of naive investors. There is a temporary bump. Then the decline continues. Expect to see the stock contiue its downward decline. Great tax write off. Personally, I prefer to pay taxes on my gains.
What a silly response.
While I would not invest in Tesla (overpriced) it is a well managed company with people at the top who have a proven track record of developing successful products before. Likewise, despite its hiccups, McDonalds has been very very successful. Personally, I do not invest in the restaurant business.
There is no need for people to point out good companies. Go to Barrnon's or your on-lne brokers site and you will find many highly recommended tocks.
There is a need for people to warn unsuspecting naive investors of the pitfall of companies like IDN. This company came to my atention when a friend read a glowing article in the Peninsula Daily News and fell for it. He was going to pull out his savings and invest at $3.25, the selling price at the time. One I researched this company, I realized others needed to be warned lest their lose their savings in a very very risky company.