watch this stock in the near future... its coming down for DOUBLE BOTTOM ... ;)
Is it double bottom? i think so.... i'll keep watching it, there is gaps needs to be close...when volume picks up time to take a position.... let's see ;)
INNO 24% at close.... later the chart... lunch time!! ;) :D ;D
Lunchtime is finished, well that's a long lunch.....good day INNO! i'll take my profit @1-70 - 1.75 tomorrow if i have that chance.. not bad with 52% within 7 sessions ... good trading fellows ;) :D ;D
INNO
Looking at that chart... we could see $7 again :o. If we see a sort of shoulder form up... we could get a huge run up. This was on my list for the past two days. Wish I hadn't missed it. Applause for the TA and the buy ... getting another view w/ the dirty work helps us all out :D.
Thanks dwest, 7 is possible but i'll take my profit tomorrow & move on. Remember i'm a Hunter. ;)
Hi, Terlisa.
This is my 2nd post in 3Stocksonfire. The first one was for David.
I'm pretty new for the stock investment and I learn a lot here.
I'm really enjoying your technical chart. :D
Also, I like your picks too.
Do you mind updating the chart for INNO when you have a chance?
Thank you so muc! You are awesome!
Thanks Minkie, (here you go)
if INNO breaks the resistance @ 1.60 then off we go to $2 area.
INNO closed today @ support, lets see what she willing to give tomorrow ;)
Thanks a lot Terlisa and keep up the good work! :o
No one is following this 1 any logner ??? Broke $1 finally with VOLUME ! Downtrend broken ! ;D
Just came up on my scans - why the run up????!!! ???
INNO been on fire. :o
Watch INNO here. Get above 1.39 and she should pop. >:D
Nice fundamentals too on this small cap of less than 50 million. ;D
INNO's been beaten up over the past year but I think this small cap company (<50 million market cap with yearly revenues of 118 million) is starting to turn the corner. They've had a few bad quarter hence the stock drop in '05...but the chart is looking good. Maybe small resistance near 1.60 then on the 2.70.
Above 2.70 there would be a potential for a huge move up. ;D
Quote from: kslifka on January 29, 2007, 04:28:00 PM
INNO's been beaten up over the past year but I think this small cap company (<50 million market cap with yearly revenues of 118 million) is starting to turn the corner. They've had a few bad quarter hence the stock drop in '05...but the chart is looking good. Maybe small resistance near 1.60 then on the 2.70.
Above 2.70 there would be a potential for a huge move up. ;D
Forgot the chart and also this news after hours.
Innovo Group Inc. Regains Compliance With Nasdaq Listing Requirements
Monday January 29, 4:00 pm ET
Short term there is a bullish stick sandwich. ;D
INNOVO GROUP INC (NasdaqCM:INNO)
Pre-Market: 1.20 0.17 (+16.50%) as of 8:30AM ET on 05/21/07
Press Release Source: Innovo Group Inc.
Innovo Signs $20 Million Distribution Deal in Japan
Monday May 21, 6:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--May 21, 2007 -- Innovo Group Inc. (the "Company") (NasdaqCM:INNO - News) today announced its Joe's Jeans, Inc. subsidiary has entered into a three-year, exclusive distribution and non-exclusive license agreement with Itochu Corporation to distribute and license its Joe's® and Joe's Jeans(TM) branded products in the Japanese market. During the term of the agreement, Itochu will be obligated to purchase a minimum of $20 million of Joe's and Joe's Jeans products for distribution, and will pay a license royalty of 6% of net sales of all bottoms and 5% of net sales of all tops for both men's and women's products.
Marc Crossman, CEO of Innovo Group, stated, "We firmly believe this agreement will allow us to achieve our objective of significantly growing the Joe's® brand in Japan, which is currently our largest international market. This represents another major step toward realigning the Joe's brand internationally to capture what we believe is tremendous future growth potential."
Foxmark International, a Japanese-based management services firm, is serving as the Company's strategic advisor in Japan.
About Innovo Group Inc.
Innovo Group Inc., through its wholly owned subsidiary Joe's Jeans, Inc., designs, produces, markets and sells Joe's® and Joe's Jeans(TM) labels branded apparel products domestically and internationally. The company is headquartered in Los Angeles, California. More information is available at the company website at www.innovogroup.com and at www.joesjeans.com.
About Itochu Corporation
Itochu Corporation is a Japan-based company with expertise in various businesses engaged in the domestic trading, import/export, and overseas trading of various products including apparel and textiles. More information is available at their website at www.itochu.co.jp.
Statements in this news release which are not purely historical facts are forward-looking statements, including statements containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are based upon information available to Innovo Group Inc. on the date of this release. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the international marketplace, including in Japan; Itochu Corporation's ability to meet its obligations under the terms of the agreement announced in this release, as well as our own ability to meet our obligations under the agreement announced in this release; competitive factors in the international marketplace, as well as other risks detailed in the company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release. Readers are cautioned not to place undue reliance on forward-looking statements.
Contact:
Contact:
Innovo Group Inc.
Dustin A. Huffine
323-837-3700
--------------------------------------------------------------------------------
Source: Innovo Group Inc.
anybody in this? New high of the year today, and weekly chart is very promising...