Newsletter
| Promoter: | Penny Stock Pick Alert | Paying Party: | Argolis Advisors |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| IBRC | $85000 | UNKNOWN |
| Max Profit: 61.29 % | Gain at close: 4.84 % | |
| *We think that this promoter is a part of a group of promoters. | ||
Good morning, Traders,
iBrands Corp. ("IBRC") moved up about 8% even after some consolidation this morning from traders that booked gains...
...and after the consolidation, IBRC has been under accumulation that has fueled a solid retrace to levels above yesterday's trading session and the return to a move to potentially much higher levels.
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Often times, the morning trading activity takes a bit of time to settle following a solid increase in gains from the previous trading day. Simply because some traders from the previous day(s) took some gains. That's something that is common.
But now, it looks like IBRC seems to have settled and has returned to trading with buyside pressure pushing shares in the upwards fashion that I anticipated.
Another element that I want to point out is the flurry of news surrounding potential acquisitions of revenue generating growth companies, which is a part of IBRC's strategy.
With the recent announcement of these Letters of Intent (LOI's)... and the more recent announcement of the acquisition of one of them... IBRC certainly appears to be on the "fast-track" towards achieving their goals of generating a projected twenty million in sales!
Specifically, within about a week's time, the Company announced that it signed a Letter of Intent to acquire two revenue generating companies that could have tremendous synergies... and then yesterday they announced that they were finalizing the terms of the acquisition of one of them, Galileo Optics.
Galileo was first introduced to the American market in 1992 providing quality products to the entry through intermediate level consumer optics enthusiasts, offering telescopes, microscopes, binoculars and associated science products. Today Galileo's product line has been expanded to include more advanced optical products including imaging systems, accessories and gadgets.
Over the past 19-years a million satisfied customers have enjoyed Galileo's products!
So, based on the fact that IBRC has been on what I am calling a "fast track" towards growth, I encourage traders keep an eye out for additional progress from the Company that could increase top and bottom line revenues....
...then, think about how deeply discounted shares could be at these levels and what that could do to share prices!
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Watch IBRC trade since the Company has followed through on its mission towards increasing earnings from acquiring revenue generating businesses with niche products.
If IBRC keeps pace with the recent whirlwind in growth activity through (1) expansion of it's current holdings combined with (2) acquisitions of revenue generating companies that compliment the Company's business model... than I speculate further accumulation could cause a rise in share prices.
Overall, IBRC since has displayed an aggressive stance towards increasing the valuation of its Company which could bode very well for shareholders.
Keep your eyes on IBRC and lock it into your trading station!
Keep your eyes on IBRC and lock it into your trading station!
Best Regards,
info@pennystockpickalert.com
www.pennystockpickalert.com
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