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

[Lyehopper]

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?

Thanks for the post NBB.... AND thanks for not grinnin' at me with them big ol' teeth! SsSsSssss!

[mystiky]

Iig

I actually bought at 21 and sold near 24. And no, it was not 10K of it. My statement was more of "generic" nature.

It seems that the more StockLemon keeps writing about it, the less "new" finds they have. Soon, they will run out of excuses.

As I said, I dont care about the story of a company. I pretty much learned that charts/volume IS the story of the company.

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]

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?

What do you think of the descending triangle on the five day (one minute) chart NBB?.... If she breaks that bottom chord ($21.90) she'll slide 10% fast.... I think.

[Lyehopper]

What do you think of the descending triangle on the five day (one minute) chart NBB?.... If she breaks that bottom chord ($21.90) she'll slide 10% fast.... I think.

IIG wants to fall.... Might not be enough shares available (to be shorted) to drive it over the edge just yet though. Reminds me alot of PARL....

[mystiky]

IIG vs PARL

IIG wants to fall.... Might not be enough shares available (to be shorted) to drive it over the edge just yet though. Reminds me alot of PARL....

PARL?

Not sure that IIG is in that class. You may not realize this, but IIG is one quarter of reporting from getting into the IBD100 list. It's been having a huge growth in both EPS and Revs. Also, the company is buying back their own stock and no insiders are selling.

Just watching IIG for now. But maybe getting ready to start picking up shares again very soon.

[New-born baby]

What do you think of the descending triangle on the five day (one minute) chart NBB?.... If she breaks that bottom chord ($21.90) she'll slide 10% fast.... I think.

Lye,
I've been away for a couple of days, so I haven't been able to respond to your post. IIG: I still think she's just taking a breather on that bull flag. RSI has been very hot--too hot--and she needs to cool before moving higher. Still bullish as long as $19 holds. Should $19 fail, then the shortterm bias changes. And even then I am a buyer at $15.

[Lyehopper]

Lye,
I've been away for a couple of days, so I haven't been able to respond to your post. IIG: I still think she's just taking a breather on that bull flag. RSI has been very hot--too hot--and she needs to cool before moving higher. Still bullish as long as $19 holds. Should $19 fail, then the shortterm bias changes. And even then I am a buyer at $15.

It's tough being a bear right now.... Stocks with high short interest might be good long candidates right now simply because short sellers are so easily spooked in this market. I know I am.... I think I'll test this theory by tracking several stocks with unusually high short interest to see how they perform. Might be interesting....

[mystiky]

IIG makes new 52-week high!

Looks like much more squeezing to come on IIG shorts.

Today, IIG made a new 52-week closing (and intraday) high on above average volume:

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/charts/gallery.html?iig

If you look at the above chart, you can see the RSI, MACD and Stochastics are now all positive. The stock is not overbought and is above 10/20/30/50 day moving averages.

Could $30's be coming soon???

[New-born baby]

Looks like much more squeezing to come on IIG shorts.

Today, IIG made a new 52-week closing (and intraday) high on above average volume:

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/charts/gallery.html?iig

If you look at the above chart, you can see the RSI, MACD and Stochastics are now all positive. The stock is not overbought and is above 10/20/30/50 day moving averages.

Could $30's be coming soon???

Nothing bearish about IIG. 1st target is $29; PnF likes it all the way to $50.
If you are short this stock, wow! You could get hurt.

[mystiky]

IIG makes an all-time new high.

IIG has been as high as 26.74 earlier today. What a great brakout.

Looking for $30 myself...

Volume so far today has been HUGE in the first 90 mins.

Nothing bearish about IIG. 1st target is $29; PnF likes it all the way to $50.
If you are short this stock, wow! You could get hurt.

[Lyehopper]

IIG has been as high as 26.74 earlier today. What a great brakout.

Looking for $30 myself...

Volume so far today has been HUGE in the first 90 mins.

Looks like it's movin' on up. Shorts are getting hurt.

[Tatnic]

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.)

Still killing the shorts, eh? I'll let you all know when the killin's done. Just because a stupid company with a stupid game plan has a strong stock doesn't mean its a short....another amex stock. Speaking of which, another stocklemon stock IOC is also an amex stock. They can lie and fudge for years and get away with it. At some point the pigeons come home to roost but you can bleed to death trying to pick the top...its a fool's game.

[mystiky]

IIG action

IIG is having a good pullback, and I may re-enter it soon again.

The name of the game for me is TRADING.

Still think IIG goes to $35 before it sees $19 again.

[mystiky]

IIG hurting those shorts

Well, that did not take long, did it?

New all-time on nice volume.... $27.40....

I jumped it today again.

I guess when I wrote about this stock in my first message (Nov 14), it was at $22, I was thinking that $26.50 would be tops, but looks like another bullish leg up.

Here are the updated charts:

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

http://stockcharts.com/charts/gallery.html?iig

[mystiky]

is it time to re-enter IIG again?

Looks like IIG continued a nice run to $32+ and then has been driven down to the $20.50 - $21 support. A couple of days of heavy volume, but it has held support and now is is bouncing a bit here.

I am thinking that it can go to about $23 level or so?

Any opinions or thoughts?

BTW: The short interest is still around 55% of the trading float, which is 10.2million shares.