IOT - Hold/Buy? Retracement Complete?

Today was IOT's healthy retracement day, You'd expect this from any stock after going block busters, retracements are always necessary to break new highs. Today's low was 12.5c which meets the 38.2% Fibonacci retracement and possibility will close at 13c or 12.5c today, nothing surprising.

IOT had a presentation at hong kong today, even though the presentation was only for 10 minutes, hotcopper was flooded with tons and tons of messages about the presentation. Their new product, Roam E the selfie drone is priced at $400, this is way cheaper than the current drone out there, Lily - $800. however this will still take time to impact the market. perhaps next week.

Volume fell down today, wouldn't be bad to expect a rise tomorrow but still DYOR

Today's fall had alot worried, but lets face it, this is the most unpredictable thing in the world, sharemarket. even Warren Buffet can't always be right. so keep your strategy, have an open vision, follow your strategy not your emotion.


What's everyone's thoughts for IOT?

ps: created this thread since other IOT threads were pretty vague. ALSO please keep the childishness away. not helping anyone