It might be a hot pick, However, whenever it was picked by all those hot pickers. Any stock will become a POS. Just like yesterday, when it almost make a new high, it turns its' head to down, down and down.
It might make a high today, but most likely, the same will repeat again after the high made. A lot crazy guys got on this stock, then it becomes a mob stock. Mob does not do any reasoning, they just act like MOB!!!
I've owned and have been following IAC for 10 years...We are in the middle of best run fundamentally the company has seen...Mob r no mob the company is generating hoards of cash, and will be buying back the stock if and when it drops...long term don't worry about the stock price..it is going higher..