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Author Topic: INPC
kermit42
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In Phone, Inc., a NASDAQ stock trading at .37 right now.

It looks like it's found a bottom and the down trend is petering out. The stock is recovering from a management shakeup, threats of bankruptcy, and a short position estimated at almost 40% (being a big board stock, the shorts are legal, but they still have to be covered if this gets some buying volume).

The chart ain't pretty, but several indicators are turning up. This company was a lot higher not so long ago and they've been making good moves the last month.

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Me Trade Pretty One Day.
Posts: 815 | From: NYC | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
kermit42
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Closed even at .38 after bouncing off .35. Looks like reversal in progress. Tomorrow should be a good day.

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Me Trade Pretty One Day.
Posts: 815 | From: NYC | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
metal1
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chapter 11 today. assets will be auctioned off
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
kermit42
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Ouch! For this I left the pinks?!?

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Me Trade Pretty One Day.
Posts: 815 | From: NYC | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

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