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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About Me
- Damon
- Damon who currently is running a Incubator Hedge Fund, works directly with several Investment bankers and investor relations individuals to help update shareholders comprised mostly of friends and family. A business owner and small cap investor, Damon has extensive contacts within the investment community. Damon is not currently employed by Socialwise nor does he receive direct information from the company or its officers.
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