IWEB, ZLCS & Extended Watchlist

Most of you will recall our coverage of IWEB, which began on July 9thand lasted through August. During that time, we saw the stock make a nice move off of its then-52 week lows, traversing its way from a low of .023 all the way up to .042, an 83% overall move, while also posting several hundred percent in cumulative gains during that time.You might also remember our outlining of the company’s aspirations to make the shift from cloud storage alone, to a full-range cloud services provider, and today, we received confirmation that the transition has been achieved, with the completion of the company’s most recent acquisition.

This is occurring shortly after we’ve seen IWEB come off of a new 52-week low, so the timing on this could actually work in our favor. We are going to have IWEB on bottom-watch as it searches for a base here, as well as watching for reaction to the good things the company obviously has going on behind the scenes.

STERLING, Va., Oct 01, 2013 (BUSINESS WIRE) — IceWEB, Inc. – (OTC BB:IWEB), today announced that it has completed its acquisition of Computers and Tele-Comm, Inc. and KC-NAP, LLC of Kansas City (collectively “CTC”). Details will be filed in a Form 8-K with the Securities and Exchange Commission. >>> FULL STORY

More Info:
www.iceweb.com

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Zalicus, Inc. ZLCS

We caught ZLCS at a low of .78 last Friday, and mentioned it once again yesterday morning as we believed the stock was in for “another substantial move upward”. The stock did indeed turn in a nice performance yesterday, hitting a high of 1.20, a 17% intraday move, and an increase of 54% from Friday’s low. Rapid increases over such a short time period for a NASDAQ-traded stock are impressive to say the least.

In addition to another fruitful trading session with regard to price-per-share, ZLCS landed us an honorable mention on yesterday’s Penny Stock Rumble for picking the stock with the highest daily dollar volume.

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Extended Watchlist: