condition today. MACD is now bearish and the descending 20dma is closing in on plunging through the now descending 50dma for yet another sell signal if it happens. Overall the stock still looks a little lower with some support at 4 1/2 area and about a point and a quarter risk left IMO.
I remember the last time you said something like that and I thought that you must be using the macd differently than the way I use it and with different default settings. You could easily be right about not getting to 4.50. I have two pretty reliable oscillators showing potential short-term bottoms. I am always ready to pull the trigger, I think.
Well, if IOTN does'nt have something going with it's anti-IED technology, then let me save your breath and postings. We can cut this real short. The stock will have a bale out value of around $3 bucks. Either that, or it has a product to sell that somebody wants to buy. If it does, mainly the American government, then it will shoot up to probably $10 per share. So that's it. If you bought it under $3, you'll be OK. If you bought it >$5, your ass is minced meat. Well, that's it. Not much more to say. Got to wait and see if IOTN got a government contract or not.
I've been trading this stock very successfully in both directions for about three years and it's all been documented on this board. My next trade will be going long and it has absolutely nothing to do with a contract or a product.