INCX broke thru the double bottom of

12-12.50 just this morning. I am confident it will go lower.

There are now too many negatives against INCX:

1)missed 4th quarter revenues
2)guidance for 2005 very weak
3) Sanford kicks it out the window
4) Motley Fools kicks it out the window
5) With the guidance, INCX no longer deserves a high PE. If you put a PE of 25 on INCX, where do you think the price will be?
6) low floats are a double edged sword, and INCX gets the wrong end of it.
7) sector turned weak recently

The double bottom is the only support for INCX. Since it is now broken, many traders are shorting INCX to the ipo price. The stock is headed toward Sanford's range. The worst case is that the stock could really go to $3-$5, as momentum gathers.


On a different note, BOOM is holding nicely. John Buckingham said he would sell at $24, which scared the buyers today. In terms of potential price appreciation, BOOM rocks over INCX.


PACT is holding nicely near support level at the 50 day MA. Did you sell at the high $8 and bought back near the low $8? It rocks! The stock has been "rolling" for 2-3 days already from the high to low 8's. Be careful if it breaks down the 50 day MA though.