Nothing will brighten your day like a 70% piece of garbage called IFLG. Up +3 today on speculative news. IFLG shares surged after Briefing.com reported on rumors that Omnicell (OMCL) may be looking to acquire the mobility solutions company. You can cruise the many message boards on the Internet and take down the bullish investors who believe this trash is different than say , the last 200 parabolic losers .
Take a look at the daily chart from December of 2009 to today. This marked the third catalyst to propel this stock towards $8 pr share. This will also be the third time to lock up short shares when this thing rolls over again and pocket the real cash.
Why? Why not. Why would this time be any different than the last 2 spikes. If this company had any cred it would have held it’s gains last time, need I say more.
I fully expect to smack this punk for a third time and take it to the bank. There is some gains to be made to the long side if your brave, I simply can’t bring myself to buy this thing as I know any second this stock will be 2 bucks chuck.