On watch. Hoping for a dip below $5.
Cheers
I have a feeling that a bottom is close going by the (low) volume. She also bounced off the 200dma.
I am in!
Cheers
Bounced off $5 a few times already... interesting.
IOTN is trying to come off the oversold condition. We need another day to confirm an uptrend imo.
Cheers
Some weird trading has been going with IOTN lately. I have noticed that everytime it drops to $5 there is a huge bidder and the PPS bounces back quickly. I managed to snap up a few shares but it was very hard to get them. It is obvious that someone doesn't want IOTN to go below $5.
This one is easy to play the range between $5 and 5.25 and hopefully someday she will break out
Cheers
I attached an old chart. Here is the latest.
Cheers
Ionatron developements....
Contracts looming according to the CEO. The anti-ied system JIN has a contract for integrating the system into other military vehicles and has a contract pending for their own vehicle. The spending bill for Iraq/Afghanistan wars was just signed so word should be coming soon.
As you mentioned the chart is primed.
Huge short interest.
An article on Raytheon claimed they were looking to acquire a directed energy company.
Holding till the dam breaks!
http://www.ft.com/cms/s/276f56c2-f1bd-11...
Another new position is Ionatron. This company makes Buck Rogers-style laser weapons systems. It has $30m of cash in the bank, it loses money, but the Navy is evaluating its latest products and could decide any day. With SAC's ability to do deep investigative investing, my guess is the managers feel comfortable the products will get sold. And with 24m shares short on Ionatron, there are an awful lot of people who will be waiting in line to cover their shorts.
Cheers
The floor at 5 looks to be solid. Not much downside risk here.
Cap