past price movement is NEVER (I repeat NEVER) an indication of future price movement. It is a trick that many retail investors fall for. People look at charts and try to make sense of them. They say things like "It just keeps falling, so it will keep falling" or conversely "its in a an uptrend, so it'll keep going up"...you will lose everything following this logic. Good luck though.
If you've been keeping a watchful eye on the stock (or even just looking at a chart) you should've noticed how quickly it can change directions. Personally, I'm not invested in this thing right now, but I'm not shorting either. There are other stocks with much more downside to short, why would you short a stock that lost 40% in the past couple months. Earnings will paint the picture but I wouldn't be so sure they'll miss estimates.
I've followed stocks like these for years. If they sell off on low volume and they're at historic lows with a good sound balance sheet and no news, consider this an opportunity to steal candy from babes.
Worst performinig stock I have even seen. Either the company has some real issues or it's being heavily manipulated. If it's the latter, the stock could pop 100% on good earnings in a week. But if it's the former, who know where the stock could end up. It's a gamble.
The company 'had' some issues in 2012 with the departure of Nasiri which as been resolved. The stock was being beat down so bad last year before Christmas because he was selling tens thousands of options / shares at 14 - hence the stalls at 14. The Nasiri options 'time frame' has run out January 1, 2013 and so has the radical manipulation. There is strong leadership at INVN and once the STM news is clear, INVN will be at 23. STM is afraid of loosing all its Smart Phone and Tablet business to INVN and that is soon to end.