IOT 0.00% 0.1¢ iot group limited

Charts, page-40

  1. 1,243 Posts.
    The initial break out day on the 22nd of April closed at 3.7c... If I was a holder... I would be hoping that 3.7c holds as support... If the initial breakout level doesn't hold that gap at 2-2.2c is a possibility to be filled.

    The massive pump on this stock was huge up to 18c but was around about the time that other specs were running furiously as well... Now that the overall market has had a run (getting close to peak IMO) many were jumping into the safer stocks... When market begins to retrace specs like IOT may have a quick pump... Personally I would only consider IOT for a short term 20% punt (they seem to find an ANN of some sort to excite a few).

    Happy to continue to continue to be a spectator here... But for holders' sakes, I hope it gets back to double digits one day... However IMO with the volume today being sold down it looks like short term the SP is heading downwards. Barring an amazing ANN of course (FA).
 
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