Update: Well that nice formation quickly took damage Friday with a bearish engulfing stick on massive volume. It was encouraging to see some capitulation near the end of day as the price dropped below 5$ and the volume surged. While it closed at 4.99 I would still consider IOTN in ok shape so long as it doesn't close any lower Monday. IOTN is a very tough and often disappointing stock to trade, you really have to have nerves of steal to make money on it. I added more calls on the dip below 5.
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