Quote:
Originally posted by funkmaster
"Company looks good to me. Just scooped up 1,000 shares at $7.89."
... if it stays on this level for the day, I may do that too ... there should be a technical reaction monday/tuesday. shorts can look good here, but I woudn´t put it on longs ...
|
I think it might go a little lower too, last tick was at $7.54. But when bottom fishing I think it can be near impossible to tell where the creek ends and the mud begins.
Its a long term speculation for me, so I am looking for Ibill to founder for a while yet. For one thing management seems completely clueless. The *terrible* way they handled this mess, failure to address the CCBill Visa rebate, etc.
But I like the business model and maybe if a few heads roll they will clean up their act.
Nothing like a healthy 50% drop in share value to make things happen quickly.