I’ve been watching this one and getting in and out, previously I just made two pips but I do have to agree that this will rebound at least in the short term. I think a cup and handle is forming atm, and the results for last quarter imo should move this up.
I think a theme, which I’m hoping will play out, is that last year was a terrible year for bond holders and risk appetite was definitely off, having a bunch of pro investors holding to as much cash as possible. However I do think that now valuations across the board have been decimated to the point where growth could be sustainable moving forward at reasonable paces. In light of that I do think that ISD could have a good year moving forward. Like a research note that has been posted, 60m market cap is not an outrageous Price to pay and it does, I think, leave more space for upside.
I’m trying to get my order filled right now at .30, still some of my order left. Either way I’m not too worried on much downside going forward baring any disastrous announcement.
Gltah and dyor
ISD Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
