Way back in July–when my TIM account was only $20,000, as of today’s close I’m at a new all-time high just above $33,000 for a gain of 167% in the last 12 months (yeahhh you should learn my strategy and I’ve just so happened to create a whole bunch of instructional DVDs so you can do just that! I wrote a post called “why i bought the only stock that aims to monetize social networking” detailing why I bought 3,000 shares of IDAE at $2.25 and $2.28.
Well, after a tough bear market, the stock is back to those same exact prices and today, as TIMalert subscribers know, I bought 4,000 shares at $2.18, my goal is to hold a few days/weeks, but knowing me and my impatience, I’ll probly sell within a few days.
I bought for a few reasons:
1. Today’s PR about Maynard Webb, Chairman of LiveOps, former COO of Ebay and on the board of directors of Saleforce.com Inc. (CRM), joining the advisory board gives these guys bigtime credibility (they also have MySpace parent company co-founder on board). This kind of news is a great catalyst.
2. Look at IDAE’s 1-year chart:
Despite this one being manipulated higher from 50 cents to $3, its gone down very gradually, some might say its been consolidating–EVERY other sketchy manipulation play like HYHY, KYUS, HYBR, SOIGF, FOUR has lost nearly all their manipulated runup gains. Advantage IDAE.
Compare the above chart to that of similarly manipulated stock LBAS right before LBAS went on to have an even bigger manipulated multi-month runup:
3. There’s a ton of resistance between here and the true breakout point at $2.83, but judging form today’s price action up 30 cents/share in 1 day, it oculd get there sooner than anyone expects and then it could really move fast…so it’s good to be early.
4. Aisde from the possibility of a big one day crash, which is always likely with these scumbag companies, downside risk appears little considering there’s solid (seemingly) in the $1.90-$2 range…today’s action was a big volume/price breakout and once this stock gets going, it usually follows up for several more days.
5. They’ve still yet to introduce their “revolutionary” social network gift card…PR could come any day as this thing was supposed to come out this fall…there is such a thing as anticipation buying.
PS The afterhours sell at $2.11 is irrelevant, there is no OTCBB afterhours, its some misprint/earlier trade reported late.
Tags: Cool Products, Patterns To Buy




















