I would love to see it hit .8 again. I dumped half my shares at 1.18. Seeing the stock climb .13 today makes me second guess that decision. I dont forsee the stock dropping below $1 for a while. If I could buy back in around $1.05 I would.
The stock is holding its own, actually up a couple cents right now. Good sign. I expect INNO to hang around this level, maybe a bit higher prior to 2/8...then hopefully start the long next leg up following earnings..What do you think?
Actually it is correct information. The Guez brothers are selling. However they sold only 100K shares which means nothing. 2 years ago before the big run up they sold huge amounts of shares in the $1.50 range and then within months the share took off to $6. So I would'nt read too much into their sellings. Based on what I have heard/read of them ... they could have just sold a few shares to cover alcohol/drugs or gambling debts.
Also considering the volume on the days when they sold .... they could have sold a lot more shares. So apparently they just wanted to sell token amount of shares and their intention was not to sell a whole bunch of shares.