Sunday, June 10, 2012 9:28:58 PM
Well, this is an interesting one. . .
IP_RU intrigues me. What I like about the company is how refreshingly candid they are in their most recent filing, dated 5/15/2012. I also like that they are up to date in their filings, and that they are NASDAQ rather than Pink Sheets. I genuinely like what I have seen of the magazine, and I will pick up a copy the next time I'm in Barnes & Noble (BKS $15.39 -0.19%). That they have sold out 80% of their magazine's shelf stock is strong. That they can find (how do I put this?) guys with macho images (Sammy Hagar and Charlie Sheen) who are perhaps befitting well the concept of promoting cigars and spirits is a good sign. I admire the company's perseverance.
I am certainly going to add this to my watch list, however I would not be in any particular hurry to buy in. The 30 minute chart shows it still in a pronounced downtrend.
The best that can be said for the weekly chart is that it appears to be forming a triple bottom.
Volume is good, with 41 million shares traded last Friday, so the liquidity is there. One thing that it does have going for it on the daily chart is that OBV, Chi/Osc and Acc/Dis have all attained new lows simultaneously. This is highly indicative of a “true” bottom in the making. In my experience, it is when all three start hooking upward that the action begins. (It may take days or weeks for this to happen.) To be sure, with that balance sheet, it truly is a micro-cap – and one with a rather heavy debt burden.
Latest SEC filing:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001494413-12-000007%2Etxt&FilePath=%5C2012%5C05%5C15%5C&CoName=INNOVATIVE+PRODUCT+OPPORTUNITIES+INC%2E&FormType=10-Q&RcvdDate=5%2F15%2F2012&pdf=
June 5 press release:
http://finance.yahoo.com/news/innovative-product-opportunities-inc-cigar-143000968.html
Magazine preview:
http://issuu.com/cigarandspiritsmag/docs/cspreview/1
Company home page:
http://www.cigarandspirits.com/
IP_RU intrigues me. What I like about the company is how refreshingly candid they are in their most recent filing, dated 5/15/2012. I also like that they are up to date in their filings, and that they are NASDAQ rather than Pink Sheets. I genuinely like what I have seen of the magazine, and I will pick up a copy the next time I'm in Barnes & Noble (BKS $15.39 -0.19%). That they have sold out 80% of their magazine's shelf stock is strong. That they can find (how do I put this?) guys with macho images (Sammy Hagar and Charlie Sheen) who are perhaps befitting well the concept of promoting cigars and spirits is a good sign. I admire the company's perseverance.
I am certainly going to add this to my watch list, however I would not be in any particular hurry to buy in. The 30 minute chart shows it still in a pronounced downtrend.
The best that can be said for the weekly chart is that it appears to be forming a triple bottom.
Volume is good, with 41 million shares traded last Friday, so the liquidity is there. One thing that it does have going for it on the daily chart is that OBV, Chi/Osc and Acc/Dis have all attained new lows simultaneously. This is highly indicative of a “true” bottom in the making. In my experience, it is when all three start hooking upward that the action begins. (It may take days or weeks for this to happen.) To be sure, with that balance sheet, it truly is a micro-cap – and one with a rather heavy debt burden.
Latest SEC filing:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001494413-12-000007%2Etxt&FilePath=%5C2012%5C05%5C15%5C&CoName=INNOVATIVE+PRODUCT+OPPORTUNITIES+INC%2E&FormType=10-Q&RcvdDate=5%2F15%2F2012&pdf=
June 5 press release:
http://finance.yahoo.com/news/innovative-product-opportunities-inc-cigar-143000968.html
Magazine preview:
http://issuu.com/cigarandspiritsmag/docs/cspreview/1
Company home page:
http://www.cigarandspirits.com/
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