IIG Stock Short Squeeze
By Johns Wu on Jan 25, 2007
4 Responses to “IIG Stock Short Squeeze”
IIG broke down at a support today, currently testing weak support at $20
Def a buy — best name in the space, but the risk is high. Market Grader and IBD are all over it — it’s more a takeout name than anything even though stocklemon.com has been saying it is a fraud factory for months. right now, Id be careful: stock is losing gas and is headed to 200 moving day. wait for a bounce, if any.
DJ
The Kelley School
YOU MIGHT WANT TO ADD 24/7 REAL MEDIA–TFSM TO YOUR SHORT SQUEEZE LIST.
LAST THREE TRADINF SESSIONS HAVE SEEN HEAVY ACCUMULATION AT THE 9.90 LEVEL IN A MKT THAT IS ALREADY OVERSOLD AND A QUARTERLY REPORT DUE WHICH IS EXPECTED TO BE ABOVE ESTIMATE AS WELL AS SIGNIFICAT EXPANSION COMING IN ASIA WITH THEIR NEW VENTURE WITH DENTSU THE LARGEST ADVERTISING AGENCY IN JAPAN.
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Johns,
IIG’s candle yesterday signals a likely bullish move today.
Nice timing on your part.