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IEAM Low Float Insiders buying a lot!
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[QUOTE]Originally posted by Chart walker: [QB] You lucky SLOBS! LOL ~~ This came accross my desk yesterday late... ------------------------------------------ Industrial Enterprises of America, Inc. (IEAM) previously at $3.90 up 21% at $4.75 with 2,959,193 shares traded. (IEAM) has been heavily highlighted this month and today by Wall Street Resources. Industrial Enterprises of America, Inc. announced that the Company's Board of Directors has authorized the repurchase of up to $10 million of its common stock and equity-related securities, including convertible debentures and warrants, over the next nine months. The Company plans to utilize existing cash reserves and ongoing free cash flow to finance the share repurchases. Market conditions will influence the timing of the buyback and the number of shares repurchased. The program allows the company to repurchase its shares at its discretion. Industrial Enterprises of America, Inc. is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, and other automotive additives & chemicals. In addition, it manufactures and sells packaged refrigerants for the automotive and dusting markets; and manufactures liquid and aerosol products. ============================================== Well told you boys I'd radar it, but I have to miss it, -other pic's are running and almost at my 100% (all but one!). On top of the news above, your chart looks GREAT!!! I mean holy cow great! http://stockcharts.com/h-sc/ui?s=IEAM&p=D&b=5&g=0&id=p73131308217 Stochastic is LOW and JUST crossed! CMoney FLO is going positive and MACD hasn't even crossed yet!! -and check out the RSI!!! (first indicator on top) http://stockcharts.com/h-sc/ui?s=IEAM&p=D&b=5&g=0&id=p84581701761 The RSI is JUST coming off the bottom (Top is when you sell)... Man it look like this baby has ALOT of room to grow yet boys!! NICE find Stock! You guys might get a 100% flop out of this thing yet!! Unreal ~~~~~ Congrads and enjoy the day Board!!! Chart ~ [/QB][/QUOTE]
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