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Originally Posted by Hal
Metaformx, when/if IN rallies what would you recommend selling at?
Best Regards,
Hans
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Hands, I did some research for you, I know a few others are interested in IN, so here is what I found:
Regarding my pick IN, EVERYONE READ:
apparently the acquisition of IN is almost complete and there is no more substantial news coming out on IN that would effect the stock price dramatically! I was under the impression that more news could come out before the acquisition is complete to move up the stock price, but the research I have done is not showing that.
IN was acquired by another company some time ago, and so if you are holding IN shares when the acquisition is fully complete, you will be given $2.06 per each share of IN that you hold. Now the current price of IN is $2.01, so you would get an extra 5 cents per share. In my opinion that is not worth it to hold the stock at this point! There is much more profitable plays out there, so I will be selling my IN shares today. A 5 cents gain is just not worth it, and it could be a while before you get that 5 cents extra per share!