Massive squeeze coming for IIG (amex)? - 50% of float short

[mystiky]

Last night I sat down and checked out the "story" behind IIG (amex) and how StockLemon and Mark Cuban have been "negative" on the stock for the last 2 years. As we know, Cuban has been wrong many time more than he has been right and he can loose millions and he wouldn't care. But StockLemon is one that clearly states that they take a position BEFORE writing an negative opinion and can cover their position or add to it at any time without any disclosure.

I won't bore you with all of the facts but here are some of the conlusions I have reached:

1) The stock has 10.2 million float with 5.1 million (yes, 50%) of it sold short as of last filing. Also, check out the number (30+) of "days to cover" based on 50-day avg volume ---> http://www.nasdaq.com/asp/quotes_ful...t&selected=IIG

2) It seems that RipoffReports.com has just issued a "clean bill of health" on IIG. This had been one of the big reasons why StockLemon was negative as RipoffReports had been hounding IIG for years.--> http://www.ripoffreport.com/reports/ripoff218805.htm

3) Funny thing is that when this postive report finally came in, StockLemon accused RipoffReports of being "paid off" by IIG to issue it. Huh? Unlike SockLemon, RipoffReports.com does NOT trade in stocks they cover. Also, they cover hundres of companies which don't even trade on any stock market. So, what would they gain except for loosing their reputation?

4) Here are the stats of the what has happened to the stock price of IIG when the last 6 reports were issued by StockLemon.com:

04/18/2006 - IIG pps $11.62
09/12/2006 - IIG pps $13.45
09/14/2006 - IIG pps $14.00
11/02/2006 - IIG pps $17.15
11/06/2006 - IIG pps $18.21
11/08/2006 - IIG pps $19.03

5) To my eyes, the company is delivering great numbers, has a low P/E and best of all announced a stock buy-back in September.

6) Now, to the charts. I think that it had a major break out just yesterday on huge volume. I love the fact that it did not gap-up further today as it is slowly being digested and a "slower & steady" rise in much better for the longer term than parabolic. (please copy and paste the COMPLETE links as some of these are getting truncated)

http://stockcharts.com/h-sc/ui?c=iig,uu[h,a]dhclyymy[pb10!b30!b50!d20,2][vc60][iub14!la12,26,9!lp14,3,3!lf!lc20]

http://stockcharts.com/def/servlet/S...iig,PLTADANRBO[PA][D][F1!3!!!2!20]&pref=G

http://quotes.barchart.com/texadv.asp?sym=iig

I would love to hear from other folks on what they think? Also, if someone wants to draw-up a good chart for us to see, that would be wonderful!

[New-born baby]

Iig

IIG is definitely moving higher. 50% squeeze? That PnF likes it to $38.50
Bullflag says IIG is going to $26+.

Anyway, I bought some. Thanks for bringing this one to my attention

[billyjoe]

mystiky,
Stocklemon has run at least 13 reports on these guys in the last 21 months. Nearly every one has a different nasty theme. They can't be making all this stuff up. What amazes me is the stock is rolling merrily along. If I own a stock that misses estimates by .01 it will tank 25% over night. IIG is living a charmed life and when it ends it will go quickly. The company officers have shady pasts , the business plan is questionable from the start , now competition from MSFT threatens to give away their main product. How they are hanging on is beyond me.

-----------billyjoe

[billyjoe]

IIG is definitely moving higher. 50% squeeze? That PnF likes it to $38.50
Bullflag says IIG is going to $26+.

Anyway, I bought some. Thanks for bringing this one to my attention

New-born,
Don't you think their marketing and business plans are morally questionable ? They make Amway look like IBM. Go to the stocklemon site and they'll direct you to the myriad of consumer complaints just in the state of Utah.

-----------billyjoe

[New-born baby]

mystiky,
Stocklemon has run at least 13 reports on these guys in the last 21 months. Nearly every one has a different nasty theme. They can't be making all this stuff up. What amazes me is the stock is rolling merrily along. If I own a stock that misses estimates by .01 it will tank 25% over night. IIG is living a charmed life and when it ends it will go quickly. The company officers have shady pasts , the business plan is questionable from the start , now competition from MSFT threatens to give away their main product. How they are hanging on is beyond me.

-----------billyjoe

But that's not what the chart told me . . .

[New-born baby]

New-born,
Don't you think their marketing and business plans are morally questionable ? They make Amway look like IBM. Go to the stocklemon site and they'll direct you to the myriad of consumer complaints just in the state of Utah.

-----------billyjoe

I don't know what they do. I don't know anything other than the chart. What do they do?

[billyjoe]

I don't know what they do. I don't know anything other than the chart. What do they do?

Geez, New-born,
I'd think you'd check more than the chart before buying. What if they were into legalized prostitution? Check out this site :

http://www.commerce.utah.gov/releases/06-08-28_imergent.cease.pdf

-------------billyjoe

[New-born baby]

Geez, New-born,
I'd think you'd check more than the chart before buying. What if they were into legalized prostitution? Check out this site :

www.commerce.utah.gov/releases/06-08-28_imergent.cease.pdf

-------------billyjoe

Thanks!

[mystiky]

Iig

Look - I dont want this board to become another "StockLemon" support board. Everyone has a shady past and it seems to me that "good companies" sometimes go bankrupt also. I am not going to start giving examples.

If IIG ever gets indicted or something and I am holding 10,000 shares at 20 and it opens up the next day at 5 -- thats my fault.

But StockLemon always has an AGENDA. How/why? Because they want to make money on the short side. And you know, 20% of the time they are right in picking on bad companies.

I respect your opinion but giving links from StockLemon board and Mark Cuban's rants in not going to impress anyone who trades on CHART action.

All I know is those who bought today around 20.75 have now made almost $2 on each share.

[New-born baby]

I believe the chart

I just read and believe the chart. People lie, but charts don't.

[New-born baby]

Thanks for the $1

Thanks for the $1. Nice quick pick me up.

[mystiky]

IIG - an updated chart?

Hi everyone!

Hope everyone had a good Turkey day...sleep...rest...

I wrote about IIG (amex) to you on November 11, when the stock was at $21. A few days later it touched $25 and now has retraced to as low as $21.50 on Friday. It closed just right below $22.

The interesting thing is that the new short interest on IIG came out and it looks like the short interest has INCREASED another 7%

http://www.nasdaq.com/asp/quotes_full.asp?mode=&kind=shortint&symbol=crox&symbol=IIG&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=short&selected=IIG

I am thinking that stock has still alot of upside move left (re-read message #1 in this thread for the reasons). The question, where are the good support lines? $21? $19?

If someone can do a nice chart with comments, that would be great!

[Tatnic]

Look - I dont want this board to become another "StockLemon" support board. Everyone has a shady past and it seems to me that "good companies" sometimes go bankrupt also. I am not going to start giving examples.

If IIG ever gets indicted or something and I am holding 10,000 shares at 20 and it opens up the next day at 5 -- thats my fault.

But StockLemon always has an AGENDA. How/why? Because they want to make money on the short side. And you know, 20% of the time they are right in picking on bad companies.

I respect your opinion but giving links from StockLemon board and Mark Cuban's rants in not going to impress anyone who trades on CHART action.

All I know is those who bought today around 20.75 have now made almost $2 on each share.

you bought at over $20...have you been asleep?

Does anyone ever look at weekly charts here? Pull up iig's and you'll see one of the most powerful charts in quite a long while. I don 't care if they're the mafia that chart said (emphasis on said) it was going to explode higher back when it broke above $15. Until the price breaks down its still in an uptrend.

(Sometimes you so called techies can't see the forest for the trees.)

[Lyehopper]

you bought at over $20...have you been asleep?

Does anyone ever look at weekly charts here? Pull up iig's and you'll see one of the most powerful charts in quite a long while. I don 't care if they're the mafia that chart said (emphasis on said) it was going to explode higher back when it broke above $15. Until the price breaks down its still in an uptrend.

(Sometimes you so called techies can't see the forest for the trees.)

I read weekly charts, as a matter of fact I have my software set up to default to a two year weekly (first) whenever I chart any stock.... The weekly on IIG says this suka's gonna crash.... If you can borrow the shares, short it.... I say it'll be below $15 again by 2/07....

[New-born baby]

I read weekly charts, as a matter of fact I have my software set up to default to a two year weekly (first) whenever I chart any stock.... The weekly on IIG says this suka's gonna crash.... If you can borrow the shares, short it.... I say it'll be below $15 again by 2/07....

What's wrong with my eyes? PnF says she's good to $50; weekly shows a cup with handle breakout; and she's touting a bullflag pointing to a $9 pop yet to come. I didn't think I got bucked off a bull and hit my head on the ground, but man I can't see shorting this one right now.

Hey, wait a minute! It ain't my avatar that shows ME getting bucked off a bull. It's Lye-baby! Lye, are you alright?