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IOM lost money and announced they will not make money for two more quarters. This is the good news that moved IOM stock price!

Why? Look at these hot Internet stocks. YHOO barely made several dollars and LCOS made few cents with the rest all in red. Hey, losing money is what moves stocks up. If there is no earning, there is no earning surprises. Take a look at story stocks of yesteryear: NSCP, PRST, IOM and ZITL. IOM is the only one clawing back up.

The April 1996 run up was not based on fundamentals. Most people wanted Zip could not get one, it was all about dream. Most of us have Zip now and the next dream is Clik!. It does not matter whether Clik! is shipping in quantity or it is better than flash. All it takes is a good story to tell and you will have professionals buying IOM. These PROs missed the first wave and they hated IOM because TMF found it. Now it is PRO's turn to find IOM and buy they up in large blocks. As high as the volumes are these past two days, we Fools do not have that kind of stock buying power.
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