After scorching the charts for the last week and dishing out triple digit gains since our alert last Wednesday - IGSM the last 2 trading days has taken a backseat to cool off before making a move to sprint to new highs. Members need to know that stocks cannot keep going higher each and every trading day, consolidation, pullbacks, and sideways trading are healthy and needed in order to flush out the sellers, bring in new buyers and start the new leg to new highs. IGSM has traded very well the last few days and this tight trading range could see a breakout in the cards.
IGSM GROUP INC., based in Florida, recently announced its intention to operate Digital Television Channels in Florida. In addition, IGSM recently acquired a Television Library of Programs. IGSM also offers a suite of e-learning products as part of its Digital Services.
IGSM Group Inc. is focused on providing outsourced digital services to businesses of all sizes. These services are targeted towards users of Digital Television Programming and Distance Learning. Many of these users require content creation and content delivery solutions.
IGSM intends to position itself as a leading supplier of Digital Television Programming commencing with the June 12th Digital Television Transition in the US. This is the commencement of the DTV transition which, according to the Federal Communications Commission, will take up to 18 months for full implementation
IGSM also announced the acquisition of a Television Library as part of it's strategic planning. The assortment of hundreds of finished programs offered by IGSM gives stations a choice from how-to programming, to biographies, travel, vacation homes, self-improvement, sports and touching stories.
Distance Learning uses many of the same components as DTV. These are content creation, editing, delivery and indexing. IGSM is well positioned to take advantage of opportunities in this rapidly expanding market.
Members should know that the share structure here has not changed so the company is not diluting and the recent pullback is due in large part to retail traders and investors. No dilution is an indication that these guys are on the right track to bring added shareholder value and once we get material updates from the company - it could prove explosive for the share price.
Technical analysis portals such as Barchart and StockTA continue to maintain their respective "Strong Buy" and "Bullish" opinions on IGSM. Members who are interested in reviewing these opinions can do so at the links below.
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