I don't know any of the principals. It is strange because I have never been one to pay attention to advertisments, but one appeared in a recent Investor's Digest, which carried in an ad called "The DYNAMIC Report" and which indicated that several brokerage houses had "issued a speculative buy recommendation" with talk of the stock being extremely undervalued and with potential to hit $ 2.00 and higher in the next several months.
My specialty is spotting companies with some positive change in fundamentals and then tracking them technically (technical analysis, using technical indicators) and watch for a Buy Signal. As I was doing my initial investigation on IGT I noticed a News Release, quickly ran my technical program, and sure enough it had flashed a Buy, so based on the very positive test results I felt comfortable getting in quickly, which I did.
From here, it is anyone's guess where this one will go...I noticed today that they had a couple of more News Releases, but they were concerning a Private Placement and the granting of Stock Options. But at the $ 1.25 level the buying pressure continued to be strong and even more volume came in today to push the stock to $ 1.45. There is not a lot of sellers for some reason; I can only guess (and hope) that the stock is held by "friendly" hands and they know the fundamentals will push this higher yet. It will be interesting to watch, because usually you get a "breather" day on lower volume after the run-up we've seen...but on the truly GOOD plays, the upward rise can be sustained for two, three, or more days beyond this point.
Sorry I can't be of much more help. Much will depend on the next round of trials they do, I suppose. |
