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Identiv, Inc. Message Board

  • foreverwhiteroses foreverwhiteroses Jul 18, 2013 11:49 AM Flag

    What's the Magic of 81 cents approx

    It seems as though INVE just wants to continue to hover around 81 cents/share nowadays... Why? Why does the market feel 81 cents is a fair evaluation of INVE? I'm having a hard time trying to decide what to do with INVE and can't decide in which direction this one will break out. It seems as though the possible catalyst for an up move has come and gone without impact, though of course NFC still has a long way to go - either that or I'm just too impatient...

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    • Hmmmm, well I guess the market has decided which way it's breaking out..... ouch

    • This stock has big swings. Look at last year when it ran from 70-80 cents to 1.50. The rally off of 70-80 cents came after a long consolidation of about 2 months and it wasn't triggered by any specific news, just on speculation for the most part. I have a significant number of shares I've bought in this range again this year, just like I did last year as I expect the same to happen. I highly doubt this will break down and I think the upside is a 30-50% gain over the next 2 months. Patience, and let history repeat itself as it always seems to do.

2.11+0.11(+5.50%)May 23 3:59 PMEDT