At BMR, our specialty is the Gold market and uncovering opportunities among the many junior exploration companies and small producers within that sphere that trade on the highly speculative TSX Venture Exchange (CDNX). Of course we also track very closely the overall technical health of the CDNX, the direction of which is critical to those who visit our site and invest in this market.
Occasionally, situations arise outside the Gold space that are difficult to ignore. A case in point is iSign Media Solutions Inc. (ISD, TSX-V) which we first mentioned last week when it was trading around 50 cents. An incredible 140+ million shares have traded in ISD on both the CDNX and Alpha markets over the last 24 trading sessions with the stock jumping 122% during that time. It closed today at 50 cents, staging a powerful rally on strong volume after trading as low as 41 cents.
iSign Media has developed interactive mobile advertising/marketing solutions with patent-pending technology and seems to have captured the imagination of many investors. We caution the stock has been volatile and of course the play is highly speculative but the company is beginning to show evidence of significant revenue potential. Quite often in situations like this, the stock price will get far ahead of what’s actually happening on the ground at the moment (markets always look to the future). With a current market cap of $24 million, that probably hasn’t happened yet with ISD. Expect this stock to trade a lot based on technicals, “blue sky” potential and momentum. We love entrepreneurial success stories, so we do hope ISD hits it big and investors make a fortune (of course many investors could also lose a fortune, so be careful).
For those who are curious about ISD, John has prepared another chart. From a purely technical standpoint, the ISD chart is certainly intriguing and has formed what appears to be a bullish symmetrical triangle. As always, perform your own due diligence.
Note: Both John and Jon hold positions in ISD (Terry does not).
Buyout time for ISIGN??
Comment by Steve — June 9, 2011 @ 3:50 am