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EScroogeJr (< 20)

Colin Angle's interview

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December 28, 2007 – Comments (0)

IRBT is now having a mini-rally, due to the confluence of 3 events: winning the lawsuit against RoboticFX, expectations of a qood quarter, and Colin Angle's attempt to put lipstick on his pig in this interview to Bisiness Week.  

This combination should attract enough bagholders to take the stock to $22-25 in the next few weeks, as similar lucky coincidences have done in the past, and just like in the past, these bagholders will be left holding the bag.

The key excerpt from the interview that bagholders are going to miss as always seem to miss such snippets of negative information is this: "While we haven't announced any new products and won't be announcing anything for quite some time".

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