Savvy Trades and Investments

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IEC didn't stay down for long. Grabbed a few more around $4.80 and now wish I'd bought more aggressively. Stock back over $5 and I wouldn't be surprised if this went green by the close. Because even though fiscal Q3 revenues & earnings stunk, $4M in revenues were delayed to the current quarter and bookings were huge. A book to bill of 1.8:1 in the quarter. The CC sounded very positive. They see gross margins rebounding back to normal in the current quarter. And think the impressive level of bookings last quarter might be sustainable.

IEC should be set up for a monster Q4. Like earnings of .20-.25/share or higher. Should be an eye-popping comp. I'll continue accumulating as I think this one will take out the 52-week high of $6.80 before yearend.