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Having bought IAIC at $34 (and not all that long ago), I have come to the conclusion that IAIC was overly hyped "before its time". After reviewing its 1Q earnings, I would think the short sellers that put so much downward pressure on the stock, have now taken their profits and thinned out. My broker swears by this stock and has done a lot of research, even meeting with upper management, and concludes the stock will be back in the $30 range. Several institutions have started to purchase it and I believe he told me a couple of months ago that one of Soros' funds bought in. I am in for the long haul mostly due to my initial position. I wish I would have heard about IAIC in the last month instead of in the last year. It almost appears recently with this stock that you can buy at 12 and sell at 15, repeating the process several times a month. Anyone else surprised it didn't go back up to the high teens after that positive earnings report?
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