The low .50s is a steal, IMO.....book value nearly 1.20.....with cash close to .45 (yahoo is incorrect on this number....check the latest filing). Revenues last time picked up and the company projects significant operational savings a quarter out from here. I'm getting situated with it at this level....IMO.
I have purchased IFON all the way down to its current level. I have also read these message boards, and respect your expertise, Hopeful, But I never know when you really, really, really... see a bottom in a stock. you consistently say you are buying stocks at a price which you think is at its low, the stock then continues to go down (i.e MCZ is another example), then you say that its at its bottom and you are loading up. I am very confused. Do you have an unlimited supply of cash, or you dollar cost average so adroitly.
Also, when I get a large position on a given stock and that stock give me a double or more, I'll sell at least half so that my remaining position is paid for.....then I'll rebuild that position when it gets low enough again. That's what happened with IFON just recently and I'm building it again now. I've done this for years.....and many others do this and were doing this long before me. I learned this from others....it works.
I dollar cost average when a stock gets low enough.....and I'm not good at picking the absolute bottom. FWIW.....but I am a very patient man....and, on average, I live to see a good return on most of my investments. IMO, Hopeful