Australian (ASX) Stock Market Forum

What do people make of today's announcement? In combination with the earlier statement that Amazon was the only distributor for 3 months, yet even they won't deliver for at least 2 months, the swag of new distributors has me bemused. And the chart suggests I'm not the only one. It's been pumped up just to the top of the gap March 14-15, and now the downtrend continues.

IOT n GapCl 28-03-17.png

I'm off and staying off.
 
IOT looking good today after announcing that it is experiencing repeat orders of its AirSelfie and ROVA pocket size drone products from major US retailers in the lead-up to Christmas. Amazon and B&H repeat orders increased by over 200% last week.

IOT Group is up 93.75% to 1.6c so far today.
 
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