IDEH also traded over 70 Million shares today with total dollar volume exceeding $5.5 Million!
Those numbers are incredible, especially when you factor in IDEH's average trading day of 300,000 shares over the last 3 months.
IDEH had huge pre-market volume and then it appeared to us that retail jumped on board and pushed the stock to its high of day of $0.11 It hovered between $0.10 and $0.11 for some time, but couldn't break through the high of day.
We feel that IDEH is showing tremendous liquidity and the late day pullback may have allowed some investors to get shares at what could be a bargain rate!
We want to congratulate all of our subscribers that have already been able to take profits. With this kind of momentum, we believe IDEH could be warming up for something bigger! In other words WE WANT TO SEE MORE!!
This volume is even more impressive when you consider that we are right in the middle of the Holiday Season, when companies are having their holiday parties and trying to close out the books. IDEH is showing that despite these conditions, they are a company worth taking a hard look at.
As the job market improves, IDEH could begin to see demand for parking, and parking services increase drastically. It's simple, more jobs equals more parking needs.
In addition to their core business of operating and managing parking facilities, IDEH announced tonight that they finalized their agreement to acquire a Budget Truck Leasing dealership!
"The timing of this acquisition could not be more fortuitous," stated Scott Lieberman, Chairman & CEO. The Rental Truck Services and Leasing industry is beginning its turnaround and IDEH, will be the beneficiary of the market revival. This dealership along with others we are presently exploring, hold the potential to provide significant returns to our shareholders," Lieberman concluded.
To view the full release see: http://finance.yahoo.com/news/International-Development-amp-bw-1467975820.html?x=0&.v=1
The truck leasing industry saw revenues around $16.5 Billion in 2009. In addition, some of its players have made HEFTY gains is a short period.
Let's take Dollar Thrifty Automotive Group (DTG) for example. In April of 2009 DTG traded for about $2.00. Just 13 months later in May of 2010 DTG was trading over $50.00!
That's an increase of over 2400% in just about one year's time!
Wouldn't it have been great to be able to get in at the ground floor on DTG?
Between the parking facility management and the truck leasing industry, IDEH could be positioning itself for big things in the future!
We are continuing to watch IDEH closely and encourage our subscribers to do the same.
Source" The PremierePennyStocks.com Team
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