Nice thing is even with the recent move up, IMMG is still far from even being short term overbought. MACD, RSI ect, all are nowhere close to being overbought yet. Should go up to that 2.05 area short term.
Longer term, I still believe IMMG could trade into double digits within 18 months.
I'm a long term investor on this one. Digital media and advertising are still in their infancy. IMMG has the opportunity to be a clear leader in the space.
Look at FMCN and their valuation as well as Nuetron, IMMG is dirt cheap down here and their fundamentals are better than the comps in the space.
SM
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