Over 6 weeks ago, I told all of you that IFMX was a great buy at 5 1/2 and that a source close to me at IFMX said the stock would be at 10 by year end. I also told you all that there would be announcements that would get the attention of the street. I don't post often, but here's the scoop:
Next week (because options expire tomorrow and the managment doesn't want to make the many option players too rich), the company will make several "very important" announcements. These announcements should sit well with the street, and institutional players "may" or "are likely" to reenter the IFMX buyers club. As I said weeks ago -- the stock should be at 10 by year end -- only 2 weeks left. Any bets?
My sources were pretty much in line with yours however I never had or would attempt to set a price target as too many times in the past I have been completely wrong as to the timing and degree of price movement. However I did increase my holdings by about 120% in the middle of November. Am very thankful so far and this could be a great X-mas!
There is still much short term upside left in this issue.