Let me first start by saying that WRIT has disappointed us over the past couple of days. It gave us an amazing 266% gain on the first day we profiled it, but has subsequently given back most of those gains.
While we still think there could be
upside as the company releases more news about the progress it is
making, we have to fall back to the position we outlined in our past
couple of emails – keep stops tight and tread extremely carefully if it
didn’t bounce on today’s news.
Onwards and upwards. It’s time for another double / triple digit winner.
We have a new alert tomorrow that is in a better price price range, is
very liquid, and its chart is showing all signs of life.
Put IceWEB, Inc (IWEB) on your radar NOW as it could bounce very hard from these oversold levels.
IWEB has an interesting chart, having bounced around a little after make a strong run higher from 52 week lows of around $0.02.
Today IWEB closed above its 50 day moving average and right above strong support of $0.03 – a level that we believe could IWEB could bounce off strongly tomorrow.
This is possibly the perfect risk/reward entry.
IceWEB (IWEB) manufactures award-winning, high
performance unified data storage products with enterprise storage
management capabilities at a fraction of the price of traditional
providers. How? Through thin provisioning, target deduplication and
inline compression, IWEB‘s unified storage arrays
enable standardization, consolidation and optimized storage utilization
for virtual and cloud environments, saving up to 90% of storage costs,
while reducing space, power and cooling requirements and simplifying
storage management. IWEB’s versatility enables customers to provision
storage and protect data based on application demand.
The Cloud Industry is HOT and is growing at a rapid rate…
According to leading industry analysts, IDC, Cloud-based applications
and services industry revenues are expected to reach $67 billion by
And even more exciting for IWEB is that IDC also expect
to see over $25 billion in acquisitions over the next 20 months as
cloud services become the core of many large Company’s offerings.
And IWEB, with their innovative Unified Data Storage Appliances and Solutions, is the perfect target.
And the Company has been making plenty of in roads with the Education
sector. This is a huge opportunity for the company, and we think the
public sector is a potential goldmine for IWEB.
Just last week the Company announced it had received an order for its
IceBOX BYOD implementation from an ACC University Athletic department,
further cementing IWEB‘s growing presence in the education sector.
This follows on from the exciting news that a large cloud services provider has purchased two of IWEB‘s
IceSTORM Data Storage appliances to be deployed in Denver and Seattle.
And here is some more recent news that IWEB has announced:
These are exciting times for IWEB, but we think it could be even more exciting for new IWEB shareholders who buy on this dip. For reasons we have already mentioned, we think the share price could rally big from here.
Make sure you do your homework this evening, and be ready for a potentially big multi-day bounce trade tomorrow.
We’ll touch base in the morning with any new updates and analysis.
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