RE:I love the way most here GRASP AT STRAWStopadvisor1 wrote: When IAE dropped to around 1.50, I heard all this chatter as to why it is worth more and therefore MUST GO HIGHER. I am not sure if you all had your eyes closed the last few months, but IAE IS AT .67 CENTS and all the bag hold, I mean share holders HAHAHA have the same excuses and the same reasons as to why this must be higher. Wake up people, you went from 2.80 down to .67 . does that not tell you anything ? and the trend points to going even lower. Suit yourselves, perhaps you will be lucky, but it is not investing if you are relying on luck.
I agree with you. Everyone got very greedy who is still holding the stock. They are still dreaming that things will turn around and then they will get out. I see oil going lower, and so do some of the analyst and article written. Some say it could even hit $10 the way things are. Way too much oil out there. Only means one thing, oil is definitely going lower.