GREY:ISYRF - Post by User
Comment by
manizaleson Feb 10, 2011 6:37pm
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Post# 18112889
RE: The more things change...
RE: The more things change...Jimlong1
Surprised to see you still here.....thought you had enough and sold for tax loss purposes? I am quite bullish on ICS this year anyone who didn't buy shares at
.06 cent level when it was trading at cash ...well, they only have themselves to blame! I would never have bought at that level if they had been burning through cash at previous levels but when they are break even it seemed like a no brainer. Now it is frustrating when I leave lots of money on the table when it runs to mid 20's but I realize I am a lousy trader and this mentality has really hurt me in other stocks.... so often one doesn't buy back in when it moves up, thinking it will drop down again, and it keeps going up. So ICS is still a value stock in my opinion and I like their strategy of letting other companies use their source code for Destinator..... just hope they have made a good deal with royalties with these deals. QNX partnership is a big deal as RIM is a leader in Smartphone space...other agreements have been with losers in theis space.....Samsung.... LG ..... Microsoft.
I am interested to see Nokia's new strategy Friday..... ICS once did a lot of business with Symbian when it was independent....... maybe Nokia will want to work with a company like ICS who are working on "cutting edge" technology with tablets and e-readers. Hard to say how much the volume had to do with QNX deal or whether it was just day traders or it went along for the ride with INT, PYN and DIL. Volume last few days probably equal to entire years volume for ICS!!! Highest in company's history! I will be patient as I truly believe they are so close to being profitable on a net income basis and not EBITDA. Operating costs are so low now. I am going to give them another fiscal year to prove themselves ..... stock could be north of
.50 cents by year end in my opinion. (providing they see some rev. growth and show net income profits) PS (hope you didn't capitualate last DEC on ICS)