The penny stock of Indo Global Exchange(s) Pte., Ltd (IGEX) , our newest alert, should be at the top of your watchlist throughout this week. Slow and steady, IGEX stock has been putting up 1-2% gains for the last few sessions, almost identical to how Lot78 Inc. (LOTE) began back in March of this year. Tapping into a market with a population near tat of the U.S., more than 50% of which is under the age of 30, getting an early piece of what could turn out to be the Indonesian version of what eTrade Financial Corp. (ETFC) and The Charles Schwab Corporation (SCHW) are to the U.S. is money in the bank.
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IGEX Stock Quote
Market Cap: 57.27M
Last: 0.79 ▲ +0.02 (+2.60%)
Dollar Volume: $486,344
Issued and Outstanding: 72,493,750
14-Day Rel Strength: 84.07%
1st Resistance Point: 0.8033
1st Support Level: 0.7733
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Back in the mid-90′s when eTrade took the U.S. investor community by storm, there were no iPhones, no tablets, iPads or anything of the sort. The mobile market was still a baby then. Today, not only is the U.S. connected, but with 64 million Facebook users in Indonesia, let’s just say that they’re plugged in over there.
Spotting a market with unlimited potential, since it was virtualiy untapped, Bloomberg Television struck a deal at the end of last year to get Bloomberg’s fast, accurate and market-moving news, alongside locally-produced content, to the world’s 4th largest country by population and Southeast Asia’s largest economy in their own Bahasa Indonesia language. Gary Groenheim, Commercial Director of Bloomberg Television, Asia-Pacific, made it abundantly clear when he said: “Indonesia is not just one of the largest consumer markets in Asia, it also has one of the fastest growing economies and rising investor classes.”
This is clue #1: A market which is untapped.
So how does it all fit in to the business model of Indo Global Exchange(s) Pte., Ltd and why should IGEX sock be on your radar screen?
Virtually every Dow Jones company has a foothold in Indonesia and only the elite few of Indonesians are savvy enough to have set up trading accounts in neighboring countries like Singapore, Australia and Hong Kong. Do you think the real population of Indonesia which has the majority of investable cash, as a whole, doesn’t know that secretaries at Microsoft who took stock options rather than cash bonuses became millionaires overnight when MSFT IPO’d?
The Indonesians are gagging for a way to live the American dream, striking it rich in the global stock exchanges, and Indo Global Exchange Pte. is setting out to provide just that. Through their partnerships with Halifax Investment (Australia), eTrade Australia, IG markets, and Mega Trader 4, the Company will be offering access to:
• Over 30 global equity exchanges for trading in securities
• Over 30 global equity exchanges for trading in CFD’s (These include Euro Zone, UK, Japan, Asia, Oceania, Canada, & USA)
• Over 180 currency pairs in spot (cash), forwards and options
• Gold and Silver trading in spot (cash), forwards and options
• Global Commodity Futures exchanges including financial futures
• Indices and Commodity CFD’s
To help make sure that it atleast appears as if they are going to get this baby on it’s feet and walking, the Company brought Dermot Michael Monaghan in and gave him a seat on their Board. Having served most recently as Marketing and Sales Director at the Royal Bank of Canada, Maghan has a history in Indonesia while he was the founding Director of PT Masuka, a property management and developer in Bali.
Having served as Director and Global Head of Asian Equity Trading at ABN AMRO (SECS) Asia, Hong Kong, Director, partner and head of Asian Equity Trading at NAVA, Standard Chartered Securities, Hong Kong, and from 1986 to 1996, Director of Trading and a board member at ING Baring Securities, it’s safe to say that the Company didn’t bring in a donkey herder to give it some clout.
This clue #2: A seasoned veteran with the ability to “get ‘er done”
In the short-term, IGEX stock is a no-brainer and should break $1 before the end of this week. Heck, it might not be until 2014 when the first trades get executed and Indo Global Exchange(s) Pte., Ltd books their first $1 of revenue. However, there is just way too much going for the chances of it all happening to not want to get a piece of IGEX stock at 0.79 – a LOTE of chances let’s say.
About IGEX Stock
Indo Global Exchanges Pte Ltd is a development stage company focused on bringing to Asia one of the world’s foremost online global market trading platforms.
Last 5 Trading Sessions:
IGEX stock is our latest penny stock pick and highly recommended to be on the list of tickers to track pre-market. If you caught a glimpse of what our March alert on LOTE lead to when it was trading at just $0.93 (pre-split), 2200%, or thereabouts, then you know why IGEX needs to be on your watchlist today.
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