IOT - That was a lot of stop losses triggered at 10c, yikes! As good as retail stocks are, they also get punished if someone decides to selloff for whatever reason. They did today sign up a distribution channel with 3000 outlets, just capitulation outweighed positive news. When level heads return, so will the price. Tomorrow will be interesting to watch. I'm sure IOT don't want egg on their face considering they just got free marketing for 2 mil shares at 11c; can see them pulling a rabbit out of their hat very fast! Time will tell, ill be contrarian on this one!
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- Daytraders After Market Lounge 17th May
IOT - That was a lot of stop losses triggered at 10c, yikes! As...
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