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Pennant Flag = Charts look outstanding!
Daily & Weekly RSI above 50
Daily & Weekly MACD positive
50 & 200 SMA on daily chart trending up
.048 cent variance in 50(at .217) & 200(at .265) weekly SMA's (cross forming)
Oscillators Neutral
I'll say it one more time for SG = Breakout Soon.
Chart looks poised for a breakout.
Perhaps a few more flat days but not much longer IMO.
Lottery?
Just listened to the CC again.
Anyone else feel like they just won the Lottery?
Market weakness may fill the gap at .21.
I must admit I am shocked that this is possible following the cc but the market is in correction mode and it is clearly holding us down.
If market was flat/up I believe we would be trading at .35 today.
It is hard to buck the trend when everyone is looking to lock in profits.
Your calculations are spot-on based on cc.
We should see $1.00 sooner than later IMO.
Love the new CEO.
Overall this is a fantastic development.
Congrats longs!
Thanks for your comment.
You have a great track record so I hope you are correct.
GL.
Looking good here.
Wish I bought a few more at .095
GLTA
Thanks, this is what I was reading.
Did you by any chance do all of the calculations?
Plan of Merger?
Can anyone figure out the new structure from reading the Plan of Merger?
It says shares of Merger Sub will be converted into one share of surviving company?
I give up. Too many conversions. I'll let the company explain it to me.
Anyone have any clarity on this?
Thanks.
$2.00+
Even if outstanding shares more than double to 300 mil, stock is worth over $2.00 based on $100mil in consolidated annual revenue.
This is much better news than I was expecting.
Any thoughts?
"The accelerating order inflow for our storage platform leads us to anticipate that an upward revision of our goals may be appropriate in the near future."
"We are very confident that storage sales revenues in the second quarter will exceed $2 million,"
You cant say they didn't give everyone a chance to buy a few more cheap shares.
GLTA.
Sometimes its great to be wrong.
Left this morning after reading sponsored report thinking market would not respond well and returned to see we closed green.
If a sponsored report = 5% gain, I say go ahead and pay for a few more reports.
Chart still looks great.
Not thrilled.
Market obviously not receptive to another sponsored report.
From Feb. 12 - April 28 stock appreciated 530%.
A similar run would get us over $1
Stock is behaving very well with no news.
Hopefully history will repeat itself?
Thanks for the video & analysis.
The stock will not break down unless significant bearish developments occur in overall market or company specific news IMO.
.20 - .22 is congestion point.
Down trend line now at .21.
Break .22 and we are off.
GL!
Nice action the past few days.
It appears sellers are exhausted at this level.
Breakout coming soon.
Market knows this is going higher.
Time to end the charade.
On the road all day.
Todays PR was very bullish.
Stock is now clearly undervalued & should rise from here IMO.
GLTA.
SG
I thought Chen left the company?
Dissapointing Revs. Was hoping for $1M.
Conference call anyone?
That was me painting the tape with 100 shares at the close.
MM's were playing games so I thought I would join in the fun.
Hopefully we can break free of .22 next week.
Agreed 100%
Thanks for sharing excellent analysis of the charts.
I think we top off at .30 without extremely bullish news.
I suppose 20:1 odds is not the same thing as 20x appreciation.
In any event we should see 3x - 5x appreciation this year alone.
Come to Marin County and I will share what I am inhaling (clean California coastal air!).
Thanks for sharing Captain. I also have a gut feeling that I use to make my major investment decisions. I have great feelings about this stock that combined with analysis = home run potential. Your bullishness based on the reliance on on a professional opinion helps solidify my outlook.
I hope your crystal ball is correct.
A 20x return would be heavenly!
It is not difficult to make an assessment of where this stock is headed. It is not necessary to make a single phone call to any executive or investor relations firm. Look at the financial's & the chart, then factor in your own opinion of where the company is in terms of its growth and make a decision.
Financials: recent dilution was minimal and was transacted at a premium to todays pps. Float is still reasonable even with recent dilution. Company is positioned to be profitable with no long term debt.
Chart: stock has only risen (from a downtrend) above .20 (4) times in the last year (4th time was Friday Jan. 28). Two of the previous times stock rose above .20 led to significant gains (.47 & .31) the third time was a short lived oversold bounce on weak volume that quickly receded. If we get through heavy resistance in the .21-.23 range, we could be on our way to retest 52 week high within a few months.
Growth: Sales and contract wins are clearly accelerating in one of the rare sectors of the economy that is growing rapidly.
Significant News!
Today's news was very significant.
Nationwide data center and hosting company with thousands of customers selects IWEB Hardware as the backbone of their infrastructure upgrade.
Glad I added more!
Added more.
Accumulated another 100K this week in my trading portfolio. Was buying at the bid all week but today had to chase to .185 for my last 30K.
My three largest holdings (IWEB, PSTI & BCON) are all looking good for 2011!
Lets say goodbye to sub. $.20 forever shall we?
Good luck fellow longs!
Ready to launch
I'm fully loaded and looking forward to big gains in 2011.
Good luck everyone!
Outstanding!
The conference call and report were outstanding (in spite of disappointing 4Q).
2011 is looking good. Company stands by 2011 run rate projections. Potentially large deals in the works. No need for any immediate dilution. No real downside in stock at this point.
Stock is undervalued and should be trading at .27 - .35.
Thoughts?
I added as well. In for 100K. Like the chart.
Market does not know how to assess the deal relative to the PPS IMHO.
I'm looking to add to my position and I'm sure others are as well.
Hoping for some weakness?
Hello everyone.
Long since Sept. & still adding.
PSTI could be the sleeper pick of 2011.
Good luck to all.
SG,
This is an investment and nothing more. What I meant by my comment was if you are frustrated then you will lack clarity. If you lack clarity you will make bad decisions based on emotion.
I am holding this stock because I believe IWEB has a reasonable "Chance" to become a significant provider of storage solutions. I have no emotional connection to this company, the executives, or its products. I am here to make money on my investment, period.
Start up companies (which is where IWEB is in growth in relation to its technology offering) can sometimes take much longer to pan out than you think. What is your time horizon? I am willing to wait as long as the story takes to develop so long as I perceive real progress being made. Your lack of patience has nothing to do with the reality of this business and its future.
You are annoyed with the company’s strategy of releasing information to the public? You may recall that IWEB contracted with Wolfe Axelrod investor relations firm in early August? Prior to that time, IWEB released one pr after another to pump up the stock. Since hiring a professional firm, IWEB has taken an obviously different approach to how they handle dissemination of public information. Let’s also not forget that Dave Glatfelter was hired just 3 months ago.
This company may not succeed and I might end up being wrong. I also bought my position at .08 so I am fairly certain will lose nothing.
It is far, far too early to write off IWEB IMHO.
If Chen resigns then I too will sell.
Since that has not happened I hold.
SG,
You claim to be long but once again add blatantly negative speculation?
You have no idea what is going on with this company yet you concoct fantastical wisdom such as "I often wonder when Chen will be gone"?
The real question should be what is your investment decision here based on and what are your criteria for continuing to hold (or to liquidate) your position?
Discipline and clarity are the only way to make money. I hope for your sake you have both because your contradictory demeanor on this board suggests you are eihter afraid, confused, or are deliberately misleading.
Good luck with your investment.
Earnings?
Anyone have any idea when we will get earnings?
Thanks.
.50+ within 2 weeks.
We could test .18
Thank you for taking the time to present such a thoughtful post. Comments like yours make a discussion here meaningful, not a bunch of nonsense as some would prefer.
I agree with your confidence that IWEB is heading to much much higher valuations for those who can stomach the volatility.
Good luck.
I attended the webinar.
I found it interesting and educational.
I was interested in having a discussion with another investor who also may be participating.
Apparently none of the other investors on this board attended the webinar or wanted to discuss it?
Lincoln / Southern Gal
Please stop responding to yourself and add something material to the discussion here.
For example:
What are your thoughts on the current technical conditions of the IWEB chart?
What are the reasons you would / would not recommend IWEB to others?
What are your investment objectives with this issue?
What is your time horizon for your investment in IWEB?
What are your thoughts on the financial condition of the company?
What are your thoughts on IWEB products vs. competitors?
Do you have any technical expertise in this industry that would add to our discussion?
Disclosure:
Long over 500K shares since Aug. 09. Chart has strong support at .20 - .21 & is trending up. I expect 2011 will see a double or triple of the PPS from current price. Stock is fairly valued based on 2010 earnings. All comments are opinion only.