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IWEB getting hit on the ask POWER HOUR FRIDAY eom
IWEB moving north POWER HOUR eom
IWEBis on the move, undervalued cloud computing play
check the indicators
bullish engulfing pattern on daily
Bullish Piercing line pattern on the weekly
200ma and main near term resistance at .21
merger with USI/Promark on track to close eom
read up their latest press releases
daily chart
daily chart
three day chart
weekly chart
IWEB is on the move, undervalued cloud computing play
check the indicators
bullish engulfing pattern on daily
Bullish Piercing line pattern on the weekly
200ma and main near term resistance at .21
merger with USI/Promark on track to close eom
read up their latest press releases
daily chart
daily chart
three day chart
weekly chart
IWEB is on the move, undervalued cloud computing play
check the indicators
bullish engulfing pattern on daily
Bullish Piercing line pattern on the weekly
200ma and main near term resistance at .21
merger with USI/Promark on track to close eom
read up their latest press releases
daily chart
daily chart
three day chart
weekly chart
IWEB rebounding from lows, poised to rally leading up to merger closing by end of Sept
cloud computing is as hot as it gets right now
and these guys are now positioned for exponential growth and or acquisition by one of the big fish
read up their latest press releases
daily chart
daily chart
three day chart
weekly chart
New market maker RMCI Rushmore Capital on the bid
not sure who they are, seems like a network of hedge funds from here
back when I traded this in 2010, it was exhibiting the same behavior prior to the rally, but that, of course, is my interpretation of what I was seeing back then. .
mms are snatching shares as they become available not giving time for the share amts to be reflected on level 2. They are buying in without coming up on any radar...buying on the low, loading up on shares quietly and imo that is indicative of some kind of action ahead...jmho
glta
I'm sure they're aware by now that PRs about hardware optimization are not capable of pushing pps up, and thus these PRs are not put out for that purpose...
they are gearing up for a busy season imo, they've got a product that can appeal to a wide range of customers, and that is the key here. PRs are used for marketing purposes by every company on the market, if anyone wants to consider it a 'pump', well that's on you
and about 50k blocks, there were 4 of them, and all four executed in the same fashion, they were not reflected on L2..
not much action today but gota love those 50k lot purchases at the ask..maybe momo is coming our way finally imo
Might be a part of that 2mm shs form 144 being unloaded right now
still see this, by far, as a "load the ship" opportunity rather than a "sell off"
neither do I..this is the way I see it :
we got pumped by july newsletters - that created an 'artificial demand' for the stock. Artificial because the buying did not come from measured moves by investors but instead its was buying by 'headline readers'. Because of this, IWEB's consolidation period was interrupted (consolidation that was supposed to continue back from March merger announcement during which a big chunk of volume also came from headline traders)...
in August, imo, our consolidation continued. At eom volume dropped even more from what looked like to be already a low volume consolidation set up for a bigger move. Drop in volume imo showed that float is tightly held, shares to short are harder and harder to find, and buying would soon outweigh selling. It seems that the only way now to open a large position is to buy off the ask or be left chasing later...vol dropped on the bid is measly
With the short sales report it becomes obvious why we got all the way down to almost .16, short interest was high though out August
we've tested .16-.17 level on practically no volume and moved up to .18-.21 but again on very low volume. for a sustained bounce, we need to see a considerable rise in volume this month
Of course, It would be nice to see the company pr "millions of $ in contracts" instead of hardware upgrades, but if we check history, the rally from .08 to .47 had very similar PRs to the ones we see now, which are ordinary for the company.
Weekly chart is still looking bullish as is the daily,
RMI&RSI are bullish, rsi staying above 50
SMA's are bullish, and are all sitting at .21-.22, acting as main resistance for now
Accumulation is through the roof as many investors took advantage of a great opportunity in the teens
Thinking back to that rally 2 yrs ago, it is trading awfully similar now as it was back then, those loud ones complaining about no volume, prs, and mngmnt just have no experience with the way this security trades.
expecting a pull up in pps soon, consolidation is almost done forming a new bottom - all IMHO
daily
weekly
weekly
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Finra RegSHO August Daily Short Sale Volume for IWEB
I put together a table of short sale data provided by FINRA
many are waiting for a volume confirmation to get into this bounce
that is the only thing missing from an otherwise perfect storm scenario
I'm betting that merger will close before we enter the second part of September
as many see, from a technical analysis standpoint, everything is pointing up to a rally in the coming weeks, but volume is absolutely the crucial factor
I'd say even some sell volume can do us good at this point, I don't see us dropping much as more traders will be playing this and providing bid support
As far as PRs go, the only ones I see having a positive effect on pps are the ones that have a monetary value tied to them. One pr heading of "Iceweb received $x.x million in orders" is enough imo to send us up through the averages at .22...instead of pr'ing "empty" technical upgrades or whatnot...these are just not capable of getting the investor juices flowing in here
jmho
tide is turning imo
today is the first day that had close to zero shares in sell volume
http://ih.advfn.com/p.php?pid=trades&symbol=IWEB
looks like we've reached the bottom
yesterday's 200k vol didn't get us to break support
check out momentum indicator and rsi
both show iweb is a buy ready for a major bounce
looking good going into September ...
absolutely Captain, market sentiment plays as much of a role in determining pps as raw data and co stats do...
i believe that we're in deep discount phase now..value of co is much higher than .18 cents and hence the huge spread we see bet. bid and ask (till nite started walking the price down today)
key now is to move above 200MA at .21 and stay dancing on top till major momo comes in imo
* irrelevant for my intent and purpose
I got whole lot of discounted shares is my acct right now and I'm not in a rush to sell, knowing that this company's value is much more likely to see exponential growth rather than a decline, and thats the bet
honestly imo, the exact date of closing is not so relevant right now,
whether it happens tomorrow or end of sept makes little difference
it still remains that Iceweb is in the right place at the right time
they have solutions for which demand is only starting to take off and is expected to see double digit quarterly growth for years to come
they got the story and the charts working for them, that's a winner in my books..
...I got my orders set at support in mid teens myself, let's see what tomorrow brings
Although revenues were not as impressive for the 3rd qtr as some have expected them to be, I don't understand the "dooms day" logic of some investors here.
There was absolutely nothing in their financial statements that would indicate a sell off scenario unfolding this week.
On the contrary, looking at their balance sheet, and given that this time of year can be considered slow season, I see a company that is positioning themselves for growth.
*Company made very considerable cuts in expenses
General Admin Expense was cut by 56%
Sales/ Marketing was cut by 70%
IWEB charts
imo, we'll be trading significantly higher by EOM
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
Check out IWEB charts and dd
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
IWEB looks poised to run, check these charts out
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
Check out IWEB charts and dd..could be a major momentum play here
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
IWEB charts, poised to run..
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
Any thoughts on IWEB?, check these charts
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
Check out IWEB charts and dd
imo, at .20 its way undervalued for a real cloud computing company
3day 30months chart shows we just tested 200MA and bounced off of it
resistance at .20 - .22, and .30
10-q expected to be filed soon
awaiting merger closing with promark technology
Just got a contract awarded by federal gov't to build 3 data centers that would support apps.gov portal
1 Year Daily chart check out RMI bouncing after confirming a new higher low at .17
30 Months 3 Day chart - testing the 200ma
4 Year Weekly - check out all the averages converging and acting as resistance
todays tape and level 2
hope everyone is locked n loaded
imo next two weeks, taking us to the end of August, will be exciting
nice hits @ the ask
50k shares and we're up 7%
ask is thin
lets keep hitting it up
as long as there are no sellers, buyers will come around
IceWEB Poised to Capitalize on Exploding Cloud Computing Industry
Aug 10, 2011 (ACCESSWIRE via COMTEX) -- When it comes to communications, the internet is quite simply taking control. Individuals of all ages use it as a main mode of communicating and businesses rely upon it - both as an internal tool and a mean to work with customers - to an unparalleled level nowadays. Of course that is all relative to today. Industry experts anticipate an ongoing rise in usage as cloud computing continues to become mainstream and its capacity continues to expand the breadth of its domain. Although still far from maturity, person-to-person interaction through cloud technology has gained a strong foothold, but what is next, device-to-device communication, is just in its infancy and ready to fuel expansive growth. Point-in-case, Google apps has recently launched its OS X Lion and Apple is in late stage development with iCloud and changes in the App Store. Moreover, Microsoft's latest creation in development, Windows 8, is centered around a consolidated ID for Windows Phone 7, Xbox and Skype. What this is going to do is shepherd-in the next generation of technological trend focused on connectivity between gadgets, PC's and post-PC devices as well as individuals and businesses. This paradigm shift will emphasize and rely upon wireless communication, cloud-based database storage and shared interfaces. It also could be a bellwether for the reality of the concept of "logging-on to the web," rather than individual sites in the future.
The simple fact that the biggest names in the tech sector, including Microsoft, Google, Oracle, Hewlett-Packard and Amazon.com, are devoting extensive resources to try and take the lead in the burgeoning cloud computing market showcases the future of the industry. The high expectations of the industry have these companies scrambling to properly align themselves to take the biggest possible chunk of market share. And that market is healthy. Global sales for cloud services in 2010 leapt forward by about 20 percent over 2009; rising to roughly $70 billion (up from $58 billion). Research firm Gartner tags 2012 sales estimates at a whopping $102 billion.
Smaller, cloud-based companies are already being acquired by the larger counterparts looking to beef-up their cloud capabilities while it is still on the ground floor. No one is displaying initiatives for the future more than Hewlett-Packard. The company started demonstrating their belief in the value of cloud technologies in 2007 by snagging data center automation startup Ospware for $1.6 billion (16 times the total 2006 revenue of Ospware). In 2010, H-P gobbled-up network gear maker 3Com Corp. for $2.7 billion. That was followed by a cash acquisition of security software maker ArcSight, Inc. for $1.5 billion. Smart move as keeping your version of the cloud secure is mandatory. Further, H-P continued its quest by outbidding Dell last year to acquire data storage company 3Par for $2.4 billion. Safe to say that Hewlett-Packard is getting its ducks in a row and many other industry leaders will be following with acquisitions as it is far either to swallow another company than try and develop all of the technology internally.
A company that should benefit from the exponential growth that is on tap for cloud computing is Sterling, Virginia-based IceWEB, Inc. IWEB +5.35% Headquartered just outside of Washington, D.C., IceWEB is quickly establishing itself as an industry leader as a manufacturer and marketer of Unified Data Storage and building blocks for cloud storage networks. As a company, IceWEB is not new; it was incorporated nearly two decades ago and established its name and reputation in the federal computing space with a focus on unstructured geospatial data, as well as managing and storing block data as an ASP in the enterprise and federal space. Branding itself and establishing a market footprint, IceWEB received many accolades including being twice named Inc. Magazine's Inc. 500 Fastest Growing private US corporations and as a member of the Deloitte & Touche Technology Fast 500 North American public or private technology companies.
Expanding upon early successes, IceWEB management developed and expanded on the rich storage management features to bring to market a versatile, all-inclusive storage system aggressively priced for the commercial mid-market space. The executives behind this growth have a track record of highly relevant experience and accomplishments. CEO and Board Chairman John R. Signorello was the founder and man at the helm of STMS (Solutions That Make Sense), a private technology firm specialized in computer networks, systems integration and information technology, that was ranked as the 17th fastest growing technology company in America by The National Technology Council The Fast Five Hundred in 1996. In what is a common practice in the technology industry, SMTS was acquired by Steelcloud SCLD +38.38% in 1997. Equally important for a public company, Mr. Signorello has a background as a Director for a publicly traded Internet Venture Fund. Other executives and Board Members bring more than a century's worth of top-level experience obtained in a wide array of industries and through large corporations, including SteelCloud.
IceWEB leverages its experience to partner with the largest names in the tech industry. Their list of technology partner list reads like a "Who's Who in Tech Success" and includes such names as Microsoft, Intel, Sun Microsystems, Oracle, Citrix, Cisco Systems and Seagate Technologies, to name a few.
A look at recent contracts and announcements reveals a company that is gaining steam within the industry as news of new contracts flow in a steady stream. Showcasing their prowess and brand name within the government sector, their premier partner, VideoBank, received another Department of Defense contract as released in June. Per the agreement, VideoBank is slated integrate two 48 TB IceWEB Fibre Channel Arrays into their advanced Digital Asset Management system which will be deployed in flight cases to the Middle East for remote sensor data capture. This announcement came on the heels of an earlier order from a Department of Defense agency for a 576 terabyte IceWEB storage system.
IceWEB has recently partnered with Promark Technology as IceWEB launched its latest 3000HP (High Performance) Unified Storage Platform. This new partnership is reaping immediate rewards as Promark already has received a contract for the IceWEB unified storage platform to be deployed in a cloud computing environment. Commenting on its industry position, CEO Signorello stated, "IceWEB's growth strategy is clearly targeted on cloud computing, virtualization and unified data storage. Not only do we have the right products at the right time, we have forged the right partnerships -- VMware, and Citrix -- to serve a giant market that is just starting to take off." Aiming to capitalize on their synergies, Promark and IceWEB are presently moving forward with a merger which should instantly bolster IceWEB value.
Investors always look at numbers in their due diligence and IceWEB meets the mark in that category as well. IceWEB announced in late May that "its digital footprint is quickly approaching $10,000,000 and estimates that deferred maintenance revenue will be approximately 15% of revenue over the next 12 months to maintain, upgrade and support systems with expired warranties." It is interesting to note that their recent merger with Promark Technology, Inc., a private company that will contribute approximately $100 million to IWEB's annual revenues and four new contracts have already been released since those estimates were disclosed which should pad those totals.
Traders that implement a technical approach will like what IceWEB has to offer. The share value has been steadily uptrending for more than a year and is currently sitting on a trendline and right in the area of a technical support level. There will be some minor resistance at 20 cents, but not again until a more than 50 percent climb to 30 cents, which will serve as a breakout point with a clear view until near the 52-week high of 47 cents.
IceWEB is presently sporting a market capitalization of a paltry $27 million. Given the recent $10 million announcement and subsequent new orders, this can make an investor raise an eyebrow. If market cap is based upon potential for future earnings and typically registers a multiple of four or five times present earnings, IceWEB could certainly be perceived as undervalued. It is for these reasons that we have performed our due diligence on IceWEB, Inc. IWEB +5.35% and encourage our members to do the same while immediately adding it to the watchlist.
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Tweeter is exploding with IWEB tweets check out the rise in ICEWEB mentions overnight !!!
we got 68 mentions, chatter hasn't been this strong since merger announcement
http://analytics.topsy.com/?q=iceweb
current ceo is Sig not Lucky Mark
Mark is Iceweb's CFO
Mark was only a consultant for the co. you're referring to
Cant find how Sig is involved with Hasco and how he profited from the deal...