Thursday, September 30, 2010
IGSM - One Step Closer To A Breakout
With each day of accumulation IGSM draws nearer to a breakout. IGSM, for a 5th consecutive session posted a positive day. The action has been measured and healthy allowing room for profit takers as well as offering good prices for new comers to the stock. We have now traded almost 300 million shares the last 5 sessions, with a float of only 200 million. At some point something has to give.
If any of you wonder how some of these stocks post 1,000 - 3,000% gains, its from accumulation. A slow steady rise that involves buying and holding a stock. We are seeing that here with IGSM and I think the end result will be something spectacular.
The company is to become fully reporting shortly. They also have acquired numerous assets. The company operates Digital Television Channels in Florida, also IGSM recently acquired a Television Library of Programs and offers a suite of E-Learning products as part of its Digital Services. At this time last year IGSM was a $.015 stock. If the stock continues to see buying pressure I could see it trading well over $.01 in the short term. This is an attractive stock with a great share structure. I think at today's prices you are looking at a 300-400% gain from here.