SmurfVA's Random Picks

[Ned Serious]

IDN - $.51 - Seeking Alpha last Friday

IMO, this is the reason for volume that came in on Friday. A very positive and impressive SA article.

Am still watching this one. IMO, SA articles sometimes have a 1-2 day staying power, so am waiting again to see if this goes down a bit back to .45-.48ish.

SA Link: http://seekingalpha.com/article/2003761-intellicheck-mobilisa-a-0_40-stock-that-should-be-trading-at-2

It's a very interesting read...

IDN is a rapidly growing company, check out the next revenue numbers:

Q4 2012: $0.53 million
Q1 2013: $1.63 million
Q2 2013: $1.72 million
Q3 2013: $2.58 million

In twelve months time, revenue rose 400%. The fact that the rollout of its technology and innovation has just begun, the fact that IDN is targeting multi-billion dollar markets, and the fact that IDN recently became, in a key segment, the first company in the world to get TSA approval, make us believe revenue is to multiply again throughout the year.

Waiting for a good price (lower) to enter or confirmation (volume) that breakout is real from here.