Newsletter
| Promoter: | SuperNovaStockPicks | 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. | ||
Greetings, Traders.
Today, IBRC (iBrands Corp) generated substantial volume in the morning hours and pushed shares up to $0.083 for about a 9% uptick from yesterday's close.
Then when the pull back occurred, there were a few opportunities to play the dip and bounce which many traders appeared to have done since it retraced again towards the end of the trading session.
Moving forward... with all the news the Company has been generating with regard to its growth through acquisitions, I'm guessing that IBRC could announce something in the near future that further demonstrates it's progress of increasing revenues and earnings... such as more revenue projections, the finalization of their second acquisition target, or announcing another revenue generating acquisition target.
iBrands announced a Letter of Intent to acquire Galileo Optics and within days terms were being finalized...
... hence, if the Company is able to move as fast on coming to terms with their second acquisition target, we could witness another positive response from the market.
Remember, IBRC has done well when it announces news. Their press releases have been about the subject of growing the company and at the rate they have been progressing, I anticipate that more updates could follow.
Below is a recap of the Top Investment Highlights for IBRC....
- Revenue goals of Twenty Million from its consumer optics division is projected upon successful the finalization of one of its acquisitions since it could assist with an increase in gross margin delivered by the Company.
- IBRC's current market valuation is growing and is now close to four million...so, an increase of an additional twenty million could cause a SPIKE in market valuation!
- Yesterday's announcement that IBRC finalized terms to acquire Galileo Optics which specializes in wholesale distribution of consumer optical instruments to big-box retailers including some of the world's leading household names including:
- QVC
- Costco
- Fry's Electronics
- RadioShack
- Amazon
- Overstock.com
- One of IBRC's current holding companies - iMenu 24/7 - is a revenue producing business that has already processed more than 1.5 million orders.
According to barchart, IBRC still has a vast majority of favorable indicators suggesting that we could return to the uptrend which the Company has seen for about a month...
- 7 Day Average Directional Indicator
- 10-8 Day Moving Average Hilo Channel
- 20 Day Moving Average vs Price
- 20-50 Day MACD Oscillator
- 40 Day Commodity Channel Index
- 50 Day Moving Average vs Price
- 20-100 Day MACD Oscillator
- 50 Day Parabolic Tim/Price
- 60 Day Commodity Channel Index
- 100 Day Moving Average vs Price
- 50-100 Day MACD Oscillator
Keep watching IBRC trade during tomorrow's market since many traders booked profits on today's session which could reduce the resistance during tomorrow's market which was much lower today, likely due to yesterday morning's favorable news.
Best Regards,
info@supernovastockpicks.com
www.supernovastockpicks.com
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