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Joe's Jeans Inc. Message Board

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  • peter_norths_proctologist peter_norths_proctologist Aug 17, 2007 4:17 PM Flag

    You guys need to look at a bigger picture

    "..there were many folks who were WAAAAY up on this stock who have simply decided to bail now that the overall market has seen a pullback to a great entry point... they're gambling by taking their money and putting it to work elsewhere"

    So what you're saying is that INNO hasn't had a pullback to a great entry point, even though the stock is 30% off it's highs, while the company is guiding for record growth? That's not the logic I would use. Normally, I would see this as a great entry point, provided that everything is on track with the business. And the reason why the street doesn't see this as a great entry point (witness the volume and price action), is perhaps - just perhaps - because things are not on track with business. But nobody on this board would be privy to this knowledge unless they are cronies with the circle of insiders.

    I want to hear from this guy's brother!

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    • This is how INNO trades, just see past patterns over last 5 years, even see the pattern after Q1 from $1.40 down to $1 a 40% retracement before a bounce to $2.40, the only people who were hurt were traders last quarter and they will be the only people who will be hurt when price bounces up again before Q3 results. This is how this stock trades ... dont read too much into it. The only people who will be rewarded are people who hold long term because traders may make a few cents here and there but they will eventually lose their shares. The long term holders will take all gains as INNO heads to $9.

      I am pretty confident we shall actually exceed TRLG in market cap and profits (not due to our sales but due to $7 million lower SGA every quarter) in the 12 month period starting Q3, 07.

0.1933-0.0117(-5.71%)Jan 28 4:00 PMEST