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you're right, they didn't update their website
you think its because they're working on a site for the new company?
a new product should have been added by now, it's been a over a month since they announced those SSD 6000s
looks like merger close is indeed approaching imo
I hear you, everyone has their own strategy of course, but imo its a good tactic to have an adaptive trading style...
every trade I've made (and i've only been at it for a bit over 3 yrs) taught me something new and changed my trading style in a way.
I was at early stages chasing the big fish, 1000%+ returns and all that but then I realized that you really have to learn to grab your profits when THEY ARE THERE. Nothing is certain with the markets, and especially OTC. Grab your profits mate, you'll almost always have an opportunity to buy the same stock back at a discount..
Ive been through ptsc, spng, mcln, biel, behl, and the list goes on...If I knew to grab my profits when they were there Id be swimming with the big fish by now, but many opportunities slipped away just because I wanted, like you, to get that 15x bagger +
so my suggestion, never limit yourself with one tactic or style, diversity in markets is a good thing, sooner or later you'll nail that 1000%+ mark... GLTA
it is puzzling but then again if you think about it we're still trading on the OTC market and thus lack major exposure.
Ive traded this one on the first run up to .45 in early '10 thanks to a tip from a relative who happened to be a programming veteran and he advised me not to dump my whole position on the initial run up, been following ever since.
But in order for us to get major volume like these other otc stocks we need pumpers - and iceweb is not a pump and dump scheme thats why pumpers are not getting paid to do their exposure work with the exceptions of some very limited third party exposure programs. Most retail investors are unaware and have been burned too many times from fake merger announcements lately - the boy that cried wolf story - so they are hesitant to jump in now w/o details being released first.
Im not too worried about these price levels now, with little demand we'll see how tight the float really is and all those watching will be chasing this star. IMO in due time what will happen is a gap and go at the open once news hits the markets, from experience it always works like that.
lmao, i haven't laughed this hard in a bit, thank you for that
as far as the content of your posts goes - its terribly void lol
too bad that you're late for the party, I understand you'd want to load this up in the teens as many of us have done in the past years and months but you will have to settle with what we got here now
in any case though, feel free to post up here, as you might possibly shake some more clueless investors out into selling me some more teen shares, I would not mind at all
Dilution was announced by both CEOs of Promark and Iceweb as a result of the merger
it is no more than 50mm shares, and most of it has imo been dispersed
Reverse split? why would a co with 2billion authorized shares and only about 180mm outstanding(post merger) want to do a split?
valuation of a modest 5x forward revenues would yield ~500mm capitalization, and thats $2.75 a share my friend
but do your best and try to get someone to sell us some teens regardless...:))
shakeout? etmm seems to be dumping some shares here
but 4 mms still at .20 loading up
def seems like a weak hand shakeout to me
imo
I doubt it, we keep testing the bottom at low or no volume
Unless a big seller steps up
But even so, fibs and 1/3 of right side of the cup all show that the handle is still intact even at .19
nice close, those .21s got bought off the ask in less than 20 mins
enjoy the long weekend everyone
and get those funds ready June will be a hot month ! :)
any idea on the dates of this additional exposure program?
its extremely good if we break it to the upside on high volume...
This is a model cup and handle formation from the looks of the chart.
- Cup bottom is well formed over a 6 month period
- Volume of left and right sides of the cup is elevated
while the handle volume is low. Typically rule of thumb,
price should not decline more than 1/3 of the high of right side of the cup
- In our case we got .28 as the high, 1/3 of that is .09 cents, so the handle should not go below .19cents and as we can tell were holding .21 so far with very little selling going on.
- Today is the first doji day with practically no volume
If volume on the buy side picks up, we will break the handle channel
and if paired up with positive merger news this can very well be
the breakout of all breakouts. traders will be all over this if theres a high volume break through upper .20s
heres more info on the formation
StockCharts
and Investopedia
3 year weekly chart
imo too much skepticism going around now because of Sigs unfulfilled promise back 12 weeks ago,
good thing is that chart is still intact
im going to try and take etmm out right now
lets slap that ask a bit, only 30k volume today...
idk, I've read the PR and it didn't seem vague to me at all, still cant figure out what the confusion is all about after rereading it twice.
just started w. this, if anyone has any suggestions and/or comments regarding information in the ibox please feel free to let us know.
sry no pm, but yes i see ty
Iceweb did have limited GSA approval through TST's and Google's schedules, but now with Promark's schedule Iceweb is positioned to nail contract after contract through 1200 resellers as more products are being offered and imo the timing for cloud based infrastructure products could not have been any better. Giants like Apple, google, amazon, and facebook are pioneering the cloud revolution, so things are just starting to get heated up here..
Imo seems like eod charge is the way to go here
No that many willing sellers at these levels
good to see you in here hoss
nice timing on this under the radar play
Imo looking good now on the ask
On the chart were testing 200ma again on low volume
Wouldn't be surprised to see a hod close
Cash flow remains positive and moving up
http://stockcharts.com/h-sc/ui?c=IWEB,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20]
imo the merger can close any day between now and june 30, it coulbe be one week or 3 weeks but no more than 6 weeks !!
and financials will be released as soon as financing for the deal is secured...im still loading
jmho
so much or so little idk but
Revenue increased 65% quarter-over-quarter
im expecting 100% plus increases quarter-over-quarter moving forward with their new distribution/sales pipeline
the merger will create 100mm plus in annual revenues as stated in the report
it is due to finalize the latest end of June, that's less than 6 weeks away !!!
WE GOT NEWS!!!
-- Revenue increased 65% quarter-over-quarter; 11% year-over-year
-- Operating expenses decreased 54% for the quarter compared to same quarter in fiscal 2010 and 36% year to date over the prior fiscal year to date period
-- Net loss of $0.01/share current year to date compared to a net loss of $0.04/share in prior year
-- Company announced definitive merger agreement with Promark Technology, one of the premier value-added storage distributors in the United States
-- Received reorder for geospatial storage appliance from BP for Gulf oil spill monitoring and analysis
-- Received add-on order from Fortune 500 Telecommunications Company
-- Company partners with Thermopylae Science and Technology to offer the Enterprise visualization appliance powered by Google Earth on GSA contract
that makes two of us, i take todays action as a sign of bullish engulfing pattern emerging here
with the news about merger becoming more imminent each day, we got the highest volume since the week of merger announcement - all that with no news
if current trend continues were at the breaking point of the handle in the cup-n-handle formation at EOW to the upside.
Today's action was fairly intense imo the real move is very close, hope more flippers got out today AS accumulation /distribution shows all time highs at 43mm accumulated - LONGS ARE LOADING UP
ALL INDICATORS ARE RIPE - RSI DIPPED WAY BELOW 50 AND WE'RE READY FOR A NICE BOUNCE FROM HERE.
GLTA
nice shakeout today
hope more weak hands step up and sell tomorrow :))
IWEB under the radar play
Cloud computing bubble frontrunner
Company is in talks to secure financing for the merger between ICEWEB and PROMARK Tech.
Combined financials will place pps at well over .75 according to most conservative estimates.
Look for a break out of a cup and handle formation on the daily
also weekly trading is right in between the 50ma and 200ma, once that level is breached on the weekly pps will move up north fast.
take a look
IWEB under the radar play
Cloud computing bubble frontrunner
Company is in talks to secure financing for the merger between ICEWEB and PROMARK Tech.
Combined financials will place pps at well over .75 according to most conservative estimates.
Look for a break out of a cup and handle formation on the daily
also weekly trading is right in between the 50ma and 200ma, once that level is breached on the weekly pps will move up north fast.
Float is held tightly and will only be around 150 million authorized shares after the merger
take a look
IWEB under the radar play
Cloud computing bubble frontrunner
Company is in talks to secure financing for the merger between ICEWEB and PROMARK Tech.
Combined financials will place pps at well over .75 according to most conservative estimates.
Float is held tightly and will only be around 150 million authorized shares after the merger
Look for a break out of a cup and handle formation on the daily
also weekly trading is right in between the 50ma and 200ma, once that level is breached on the weekly pps will move up north fast.
take a look
Tape and Level II
Looks like selling finally ceased and buying is picking up this week...look at these buys coming in today, imo there will be many chasers after the pps these upcoming days and weeks as the float is held tightly and the number of shares available is very limited. As soon as financing for this merger is secured a PR will follow and pps will finally break out of this narrow .22-.24 channel
lay off that crack bud it does your mind no good
absolutely, I also think these guys are working out a deal that will ensure sustainable growth in the years to come with accelerated rates of return accruing towards long term. I believe they will not allow a situation where shareholders will become flippers. There are many wishing and waiitng for this one to go up overnight by 500%, I am almost positive this will not be the case. They will hold pps at bay to prevent any major dumps from happening and they will grow the company gradually and naturally by greatly expanding operations, increasing net income, driving down operating costs that will in turn grow their marginal returns. It is not a stock for quick flips and thus all weak hands have to get out to let us longs ride this one to new heights in the months and years to come... jmho