Tuesday, May 03, 2011 4:00:15 PM
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
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
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