I admire the fortitude of holders. I keep thinking maybe I should re-enter but Omicron was another low blow. It’s impossible to know when travel will pickup again which would drive up sales because you never know when the next variant is coming. I don’t have much confidence in the management either. The other problem they face is a good announcement will result in a short term rise followed by a wave of selling from long term holders desperate to get out. When a stock has lost the confidence of the market it’s hard to break out of the death spiral.
IMC Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
