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Author Topic: ICOA
will
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ICOA :

Volume : 4,137,800 Price : .017

Volume is up sharply, about four times average. Price is at a 52 week low. Will it go lower? Perhaps, but I see it rebounding quickly if it does, and also see it as a good thing if it does.

O/S : The number of shares of common stock outstanding as of November 11, 2005 was 353,879,220 ( Don't like that they're late with their 10K, but it isn't unusual).

FORM 10-QSB : http://www.pinksheets.com/quote/prin...5C&symbol=ICOA

SB-2 open for 525,215,959 shares, filed back in December 2005.
Here's a link to latest ammended SB-2 :

http://www.pinksheets.com/quote/prin...5C&symbol=ICOA

Don't like seeing that, and puts some additional risk in the stuation, but I have seen them go for gains with an equal amount or greater dilution hanging open.

Chart : http://stockcharts.com/h-sc/ui?s=ICO...id=p7238921387

Note the RSI at 24.21, also note that in early Febuary this was trading at greater than .04.

Recent News : http://finance.yahoo.com/q?s=ICOA.OB

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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