IVIL authoritatively broke through its downside resistance level this morning by hitting 30.25. It looks as if those underwriters trying to stabilize the market for the SPO have stepped aside after taking too much of a beating. Look for a minor dead-cat bounce back to 32-33, but the technicals strongly suggest IVIL will soon be trading into the mid twenties.
to the $25 area. The lowest it can go is about $28 if Fat Greenie has more to say and if the Y2K fear will actually materialize but I don't quite think so. We'll what'll be like throught out the end of the year.
Given the way IVIL management has flooded the airwaves with expensive commercials this past month, I'm sure they would be very disappointed if their monthly Media Metrix "unique-visitor" number(due out around Wed/Thurs) isn't at least 10%-15% above the flat level of the past two months. If it isn't, then this stock is even a stronger short than heretofore!!!