There was $6M traded today over both exchanges. That is a lot of...

There was $6M traded today over both exchanges. That is a lot of money. You cannot possible believe that the hotcopper forum would have any significant impact of the trading? What would be to total sum of days trading from the contributors here ?? There are algos and professionals at play. Technically there had to be a retrace... it happens with every single stock that is the next big thing (refer to MJP, PSY, NOR and so many others).

There will always be the fundamentals that may have a positive story about he company. But for me investing in these types of stocks is simple, does it have a point of differentiation? does it have a product in demand. IOT had a product that has some minor differences (you cannot honestly say that anybody cares about some different blades)... when all you need is a picture to be taken. And the watch that has been often spoken about can be negated with a mobile phone app. I may not know all the details of the products.

But my point is clear... technicals are ruling. Until there is some concrete information to justify such a big market cap... there will be more pain ahead.