Crackpot? Ridiculous statement? Very common responses when I give a stock the first kiss of death, so to speak, as my low ball target price seems outrageously low. With time, that low ball target will seem less and less outrageous.
Anyway, before worrying about that I'd just enjoy the nice rally underway which, by my calculations, will be terminating around the 33c level. I get that level through a combination of Fibonacci, monthly parabolic resistance and my Top Secret Indicator.
Rosey, you are right that fundamentals will drive IVR and all other stocks. But technicals often give a glimpse into how the fundamentals are panning out before being announced publicly.
My opinion only.
El Capo
Crackpot? Ridiculous statement? Very common responses when I...
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