Our most recent mention of IWEB, a stock we’ve been following since July, came on October 1st. Subsequent to that alert, the stock was trading at a low of .0193, before hitting a high of .03, a gain of 55% It seems every time we’ve released a report containing IWEB, it has responded with good performances. Prior to the October alert, we observed a 21% move from .028-.034 in September. Then of course, we had our initial alert of IWEB which saw the stock carry from .022 up to .0355, as well as a slew of bounce opportunities that followed (From .023-.04, and then again from .026-.042).
There are no two ways about it- IWEB has certainly provided us with a continual string of chances for quick-strike profits. This morning, we are once again turning our attention to the company, which has announced the inking of a contract which represents a huge new account for IWEB and its “Computers & Telecom of Kansas City” subsidiary. The following PR outlines the details of said agreement, under which IWEB will provide fiber services, managed routers, backup servers and storage, and “never fail” business continuity automation:
STERLING, Va.–(BUSINESS WIRE)–IceWEB, Inc. (IWEB) announced today that its subsidiary, Computers & Telecom of Kansas City (“CTC”) has signed an Enterprise Class Business Continuation services agreement with Block Real Estate Services LLC. (“BRES”) which represents the largest Cloud services recurring revenue account in the history CTC.
“Block Information Technologies (a division of BRES) is responsible for all the technology and connectivity to BRES’ 22 million square feet of real estate under management in the Kansas City area,” said Rob Howe, CEO of IceWEB. “BRES has been a long-time customer of CTC’s, but this represents a quantum step forward in our business relationship in that it includes not only a private Layer-2 fiber connection (private network), but also hosting and additional wireless services. This is a true Enterprise Class Business Continuation implementation that is a key part of Block Information Technologies’ far reaching strategy.” >>FULL STORY
We are returning to IWEB at a good time, with regard to the chart. After undergoing a consolidation, the stock is now coming off of a bottom, where it found support in the .02-area. Conditions appear to be ripening, as the MACD is pinching together getting ready for a cross, as well as the RSI coming off of being oversold. Current resistance sits at the 50DMA (.029) and the 200DMA (.034). We’ve provided a video presentation of the chart for your convenience:
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Fab Universal Corp. FU
FU was an outstanding call off of our extended watchlist yesterday that yielded substantial gains, having traded as low as 5.46 and hitting a high-of-day at 7.00, before closing with strength at 6.95.
The trading action on FU offered up the chance for as much as 28% in intraday gains.