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Added a bunch of trading shares the past few days. Looking to add a little more tomorrow.
Test of .24 soon IMO.
GLTA.
Trading at 1/3 Book Value.
"Major Talent Announcemet" forthcomming is reason enough to add at this price.
Im in for 100K.
GLTA.
Everyone on this board knows that there are only two posters here who continually post negative thoughts about this stock who also claim to be long.
Holding for legal reasons?
So are you saying you are holding 400K so you can sue the company at some point if they fail to deliver on promises?
If so, that is one of the most inept strategies I have ever heard.
If you are so convinced that IWEB is a failure why do you continue to hold shares?
Thanks for the article & I Agree 100%.
The infancy of the technology shift is THE reason to be hopeful. Sig however, has failed miserably in all of his forcasting.
Last year at this time, Sig was saying revenues were close to doubling quarter over quarter. What a complete bunch of b.s. that was.
This report (particulary the horrendous Q4 revenue) confirms the folly in believing anything this CEO says about future revenue growth at this point.
Without firm revenue numbers to report, the stock will languish due to a complete lack of management credibility.
Hopefully they will have something POSITIVE to report sometime soon?
Report is horrendous.
Unless company has some additional news to pump the stock I think it will re-test 52 week low.
Most longs who wanted to liquidate already have so there is little resistance to this low volume rise.
Some nervous longs will still sell at .18.
Stock will need news to propel past that trendine. Company obviously has the products but must start to execute on sales.
I lightened up my position some months ago at .18 and would look to re-enter a trading position with a move above .18. Still holding a core long position for 2+ years.
All IMO of course.
Merry Christmas and Happy Holidays to all IWEB longs!
GLTA.
agreed. going higher.
Yes the clip aired tonight. Very bullish short term catalyst for the stock IMO.
Dr.s commented about cost (approx $23K) and that ultimate goal is to make a vaccine all high risk women would take pre-cancer.
Overall the piece substantiated the validity and efficacy of the vaccine.
The one patient that was profiled in the piece said "I think everyone should be able to get this vaccine".
This was one month ago:
IceWEB Receives Six Figure Contract to Supply Multiple Systems to Department of Defense With Replication and Recovery Solution
IceWEB's Award-Winning Replication Capabilities Plays Major Factor in Key Contract Win
http://finance.yahoo.com/news/IceWEB-Receives-Six-Figure-prnews-1975751182.html?x=0&l=1
CEO Stated in CC that backorder is largest ever and co. just had best month ever? Just speculating on reasonable catalysts.
What would the annoucement of a single sale valued at over $1Mil do to the PPS at this point?
Looking to re-enter trading position soon.
Still holding 600K long.
GLTA.
Co. has yet to show sales(in spite of many promises) of any significant size to non-govt. entities.
Until / unless they do, the stock will suffer.
I lightened up a little last week and a little more today.
I agree with your assessment.
Potential is bullish but co. needs a credibility boost.
Merger closure is not definite at this point IMO and someone definitely knows that fact.
Pump's are having no effect on the stock.
IMO Co. needs to show with next Sch. D filing that their fund raising efforts are accelerating rapidly or merger is definitely off.
Co. has until Dec. 31 to raise 10 Mil. If efforts are proceeding well, the offering should be 30% - 40% filled by now.
Thoughts?
Date of first sale 9-30-2011
Perhaps this person has a large trading account and enjoys playing games with losers who sell 800 shares for .17?
Hold strong Captain.
Most of the people here are speculators, not investors.
While I do feel that management has been derelict in its communication with the public regarding this merger, the fundamental reasons for holding this stock have improved significantly.
GLTY.
The sky is obviously falling.
I recommend selling all IWEB shares immediately before they are worthless.
My feeling is that the huge market for this tech. will support strong sales and revenue for several years to come. Penetrating the corporate market is a main reason for this merger and should lessen the dependency on govt. spending to generate sales. Old tech. is dead and the entire world needs new data storage.
I am concerned that 2012 may not be as strong as CEO's might have expected? It will be interesting to hear any forward guidance on market conditions.
If you are in for the long haul, I wouldn't be spooked.
If you are hoping for a rocket to the moon in 2012, that picture is less clear.
IWEB not the only data storage co. to experience poor earnings last Q. Notice NetApp CEO's comments about a slowdown in Federal Spending beginning in July. I'm also not thrilled with the comment “The past six weeks have been incredible" & “We’re in unprecedented waters right now.” Unfortunately these comments do not bode well for a strong 4th Q or 2012. Good thing we have a merger pending or this stock would be at .10.
Shares of NetApp Inc. fell sharply in after-hours trading Wednesday as its outgoing Chief Financial Officer Steve Gomo said the data-storage systems company saw a “fairly dramatic slowdown” in the final three weeks of July.
You’ve seen the macro economic backdrop,” Gomo said in a phone interview. “Clearly, there’s something going on in the macro. What we saw was a fairly dramatic slowdown in the last three weeks of July.”
He added: “Our business was doing just fine through June, and then all of a sudden, we started seeing a pretty broad slowdown.”
He said the slump was most pronounced in the federal and financial services markets, as he also noted the uncertainty brought about by the debate over the U.S. debt ceiling and the financial crisis in Europe.
“The past six weeks have been incredible,” Gomo said. “We’re in unprecedented waters right now.”
NetApp had been seen as riding a wave of robust demand for data-storage systems as corporations upgrade or replace aging information technology networks.
CEO stated yesterday that they have been focused on R&D / restructuring in preparation for merger = sales suffered.
Im hoping closer to .10?
I was also hoping for $2 mil revs? My fear that the company focused on R&D, merger closure in the last Q was verified by CEO's comments today.
The slowdown in govt. spending is somewhat concerning looking forward however the stock is worth .40+ today based on stated combined revenue numbers.
$2 mil Q with a positive update on merger completion will be very bullish.
Earnings tomorrow.
Unless the merger is complete, there will be no conference call.
GLTA.
Today was the reversal we have been waiting for.
Today's trading marked the beginning of a new uptrend.
Stock was a technical buy with a close above .1999.
Set stops at .17.
GLTA!
Thats because this is a loser company that is not going anywhere but to the bankrupcy court.
Does that sound about right to you?
LOL!
I agree.
My read on the PR is that a deal announcement will be made sooner than later. Something is holding the deal up and they obviously came to a point where the felt an update was appropriate.
If Axelrod is a savvy firm, they most likely advised IWEB to release this PR to prop up the PPS as the market was in decline.
If IWEB had not released the Aug. 3rd PR, the PPS would be at .15 or lower.
All my opinion of course.
The Curse of IWEB?
* March 9, 2011 - IWEB conference call to discuss Promark merger.
* March 10, 2011 - Japanese Tsunami - DOW drops 226 points
* March 10 - 16, 2011 - 5 days following CC, DOW drops 597 points
Fast forward 5 months:
* August 3, 2011 - IWEB announces merger is still in progress.
* August 3 & 4, 2011 - DOW drops 778 points
Both of IWEB's major announcements have been immediately followed by the largest market declines of the year.
Based on this information, I expect the merger to be finalized the day before the Apocalypse!
GLTA.
IWEB to test .15 - .17 IMO.
Chart rolling over a bit & looking like a test of .15 could be in the cards.
GLTA.
I like to use barchart to identify potential bottoms or reversal points. Strong sell could mean we are close to a turning point to the upside. On barchart I look for stocks reaching 16% buy rating coming off strong sell signals for possible trend reversals. On the flip side, stocks with extended strong buy ratings can be targets for downside reversals. Hope this helps. Really nothing else matters for this stock except merger news as we all know. Barchart at this point is noise and should be ignored IMO.
Captain I'm more than happy to help out. I appreciate all of your input and your optimism.
What the chartists are essentially saying is that indicators such as accumulation for example, are continuing to rise even as the stock languishes. "Bullish Divergences" take place at bottoms or turning points. The positive or bullish divergences on the chart are telling us the stock is poised for a move upward. How high, how far, and exactly when this will happen is open to speculation at this point.
What I can say is that the chart has been 'poised' for an upward move for some time. Sazo is correct that the monthly chart tells the best story and looks extremely bullish.
Even without merger news in the next few weeks, we will get last Q's earnings by Aug. 15th and I would assume co. would make some comment at that time?
A successful merger with Promark will guarantee IWEB survives to compete with the big boys and should result in a market cap of at least $1 Billion within 2 years.
All my humble opinion of course.
Still long almost 1 Mil.
GLTA
"Divergence" not "Diversion"
A positive divergence occurs when certain indicators rise as pps declines.
GL.
Perhaps you should call Promark and tell them to remove the misleading information from their homepage about this fraudulent merger:
http://www.promarktech.com/
"It's not that simple."?
Oh benevolent wise one, please grace us with more of your detailed 'INSIDER' analysis of this transaction since you obviously hold superior knowledge about this merger than all of us little people!
ROFLMAO!
I bought my first shares at .072 / long term average .0102.
I plan to keep my long position until the story reaches its pinnacle or until it is no longer wise to hold.
Hopefully you & I will be here to congratulate each other for holding for $5+!
"To date, iWeb has always underperformed and under delivered"??????
I am up over 150% with my IWEB position.
Just exactly how is that 'under performing'?
I could not agree with you more.
Thank you for adding some sanity to this board!
I added a few more shares to my trading position on Monday.
Chart still looks great. We are primed for a strong move one way or another.
.45 sure looks close.
Nice chart.
Beautiful Trendlines!!!!!!!!!!