Once all the new investors were burned today it may take a while to get back in the water. I think Intellicell shot itself in the foot. Pay your bills but don't bank away money for the future at your investors expense. Huge step backward today.
i agree the stock price did take a big step back today. but i disagree that all the new investors got burned today. in fact the low of today which was 47 will become a new Higher low. believe it or not where still on a up trend. i really think it cant be all the new investors got burned today. i think a lot of investors made some big money selling at prices in the 60s and 70s micro prices. i really think that its going to bounce before the end of the session the bounce will continue into the next day.
The stock bottomed at 47 micos. currently trading at 50 micros. i think the stock could bounce to 70 micros at the end of the session. from 50 micros to 75 micros is a 50% gain. i feel that the stock might re-touch 75 micros again on Thursday morning.