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IEC Electronics Corp. Message Board

  • stockmarketstar stockmarketstar Feb 24, 2010 2:43 PM Flag

    Get a grip people.

    Institutions aren't running out to buy this stock simple because if they did they would drive the stock price up over what's it's really worth. Do you think a medium or large mutual find like Dodge and Cox would be interested in something they could buy for chump change. How many shares are they going to buy 1 million or 2, even if it doubles how much can they really make. Warren Buffet owns 20% of Kraft do you think he would have any interest in this, I think not. Being a small investor does have it's advantages, we can buy stocks like this and watch go up over time. There may be some small mutual funds which also dive in. It's almost like a bunch of people pooling there money to buy houses. I don't plan on this thing seeing 20 anytime soon in fact I thought I was going to sell at 5 or 6 but this is great litte stock. As long as the fundamentals look good I will keep it. If some big company or fund comes along and drives the price way up I may have to rethink my plan.

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    • LOL dummy Buy when no one wants them, sell when everyone wants them. Glad I added more yesterday and today at $5.50 this is a least 200% away from a fair price target valuation based on last 3 Q+ eps, growth, and guidance. Anyone that sells here is stupid and the buyers are waiting, like yesterday the 50K bidder at $5.38 didnt get filled so now he has to chase higher he wants to own a % of IEC. $15 near term target.

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