Monday, February 23, 2009

New Week

As the markets have been continuing their sharp decline, it seems the buying power has dried for IDAE for now. This should be expected in this climate, however the merits of the company remain very strong. The one thing that helps is that it appears the selling (at least hostile selling) has tapper ed off. Once the word is out, we should start to see a nice move. So far it has held around the .40 level for 2 weeks. Finally it seems we have found bottom.

I will be talking about social gifting potential sometime this week.

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