IWEB | IceWEB Heating Up Towards Monday’s CEO Call

IWEB Stock, IceWEB, IceWEB StockThe penny stock of IceWEB Inc. (IWEB) surely ate its Wheaties this morning as it is plowing through the 8’s in bullish fashion on all technical indicators currently. IWEB stock began the session at 0.0765 and has since carved some sharp, upward turns on RSI, MACD and Full Stochastics all because Rob Howe, CEO of the Unified Data Storage company, will conduct a live webcast on Monday, October 1st at 2pm EST informing those interested about significant events that will greatly impact IceWEB’s future.

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IWEB Stock, IceWEB, IceWEB StockIWEB Stock Chart

Market Cap: 17.12M
Last: 0.0885, up 0.0145 (19.59%)
Volume: 2,525,036
Dollar Volume: $211,559
High: 0.089
Low: 0.075
Trades: 128
Average Trade Size: 19,726

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Yesterday, IceWEB announced new orders from several large government sector customers including the US Army, National Institutes of Health and United States Geological Survey, among others, as a direct result of the restructuring of sales and marketing efforts. Should this be that case, it will be a tremendous boost to the $2.55 million in revenues the Company reported for the nine months ended June 30, 2012.

The boost in today’s volume and PPS on IceWEB is also being fueled by the S-1 filed Monday for the sale by the selling security holders of up to 50,025,620 shares of IWEB stock (13,455,958 shares which are presently outstanding and 36,569,662 shares issuable upon the exercise of warrants with exercise prices ranging from $0.074 to $0.15 per share). With a CFO named Mark B. Lucky, how could you not roll the dice on new government contracts and steady revenues for the past 18 months?

About IWEB Stock

Headquartered just outside of Washington, D.C., IceWEB manufactures and markets unified data storage, purpose built appliances, network and cloud attached storage solutions and deliver on-line cloud computing application services. The Company’s customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses.

Bottom Line: IWEB is a sleeper for the hot penny stocks to watch list. With a late afternoon announcement on Monday, the buy on rumor, sell on news affect could pay off huge dividends for short-term traders. IWEB stock made our watchlist on September 11th when it was at 0.0789 and could easily see 10 between now and Monday closing.

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