A loss but at what cost?, page-28

Hi @samkeil,

I sympathise with your position, I have not done a lot of research into IOT as I don't hold, so I will not comment much on the company or the SP itself, but I will say it is hard to think rationally when in this situation & my opinion is this:

You need to be able to step out of the situation you are in & analyse the company as if you were buying in at todays SP & determine if the company is a good buy around these levels, because if it isn't you need to consider getting out. Typically in micro caps, little has changed other than market sentiment & you will see lots of posters blaming management & lack of information. However in the good times, news of any substance is usually in the same supply as it is now.

The one thing that does hurt micro caps & is fundamentally correct, are delays. This is because when the market loses faith the company can deliver on time, it gets nervous about the cash burn. Unfortunately ITO has high expenses, so the sooner they can bring their offer to market the sooner things will look up.

Once you have decided if you would buy "today", you have a couple of options based on that answer & you need to ask yourself a few questions:

If the answer is no
How much can I afford to lose? i.e. what price do I get out?
How long do I want this capital tied up in the market?
What is my opportunity cost?

If the answer is yes
How long am I prepared to wait before I see a return?
Do I have any additional capital to reduce my average cost?
Can I afford a trading passel & is the timing right for that trade?

We are all chasing profits after all, so you need to determine if IOT is the best place for your capital at the moment & if it isn't where would you rather place it.

I suggest most tech stocks are down, for how long no one knows but there are some great buys out there compared with 3 months ago & I expect once the sentiment returns, there could be some good news stories around (just look at the mining stocks).

One thing IOT does have going for it is that cash, so keep an eye on things & regularly assess; "would I buy today?"

Hope this helps