Yesterday, The Bowser Report issued a daily mover alert on InfoSonics (IFON), which fell more than 10 percent for the day.
IFON fell quite a bit today on no news and big volume as selling continued after the company reported its poor Q4 and FY 2015 results two weeks ago. In the past month, the stock is down 52%.
IFON’s most recent earnings report makes it so its Bowser Rating is too low to consider a new position. For now, just continue to follow the Game Plan if you own the company (looking for that 50% drop to sell). Otherwise, stay away.
IFON has a tendency to react to earnings in a large way (up or down). That’s what we’ve seen this month with IFON’s poor earnings result ending up in a tremendous amount of selling.
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