ILNP : Specialty Chemicals

[wrangler]

Insider buying posted today and crossed 32 DMA. Looks like it might be going up

  ILNP  Industrial Enterprises of America,  MAZZUTO JOHN D (President and CEO)  B  150,000  .53  79,500  09:23:15  2006-05-30

[Stocky2000]

looks very bullish;

if we break 0.68 then blue sky (thanks wax for the tip i got in today 0.61)

[wrangler]

You're welcome ket1390
I'm not in because I'm 100% invested right now but I think you will make some green on this.
Hope you the best of luck. Keep posting so I'll know how it turns out
Goodluck trading

[wrangler]

Looks like you're on a roll ket1390
Looking really good it's keeping it's high and hasn't dropped in the first hour of trading ,,Look for new highs to continue thru-out the day.
Goodluck trading

[setravis]

Nice call Wrangler.....Applaud ! 
T/A is pointing at upside resolution of this sideways pattern.

It seems that management wants to do something about the company and get it listed with the big guys. I am not being over optimistic but this company could be on the verge of hitting record highs

This could roll......

John Mazzuto, Chief Executive Officer of Industrial Enterprises of America, commented, "We have been focused on consolidating our manufacturing operations to maximize efficiencies and increase product margins following our acquisitions over the past year. As we have previously stated, we would only consider a reverse split to enable the Company to become listed on a major exchange. After reviewing our quarterly numbers with the additions of our acquisitions, this reverse split was the last remaining issue to allow us to qualify for listing on a number of major exchanges. Such a move will further assist us in the development and growth of the company by increasing our exposure and liquidity in the capital markets."

Technicals
Record Volume
Record Price High
Most Actives
Record Price Break Out
Percentage Gainer

Last Price Quote is:
37.67%above 13-day EMA
50.20%above 50-day EMA

[metro]

40% gain so far..been good.  but maybe be extended now -- however KLUCQ did 400% in 10 days  - thought that was a penny..... is more people are just  starting now after this run then it would be nice  -

Remember that Monday June 5 the 1-10 reverse split will take effect so stock will be in dollars and not cents you will then have 1 share for every 10 you now own

[wrangler]

Thanks for the comments setravis
Goodluck to all holding

[gmarc66]

Hey Guys...not in this, but the new symbol change was just released a/h.

Friday, June 02 2006 4:05 PM, EST

Industrial Enterprises of America Announces New Ticker Symbol -- IEAM
>NEW YORK, June 2, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP) today announced that effective Monday, June 5, 2006, the Company will begin trading under the new ticker symbol (OTCBB:IEAM). This ticker symbol was changed by Nasdaq due to the required change of the Company's common stock CUSIP number following the recently announced reverse stock split, also effective on Monday, June 5, 2006.
The new CUSIP number for Industrial Enterprises of America's common stock will be 456132 20 8. Shareholders may exchange their current stock certificates for newly issued shares reflecting the symbol change, new CUSIP number and the post-split adjusted number of shares, but are not required or obligated to do so.

About Industrial Enterprises of America, Inc.

Industrial Enterprises of America, Inc., headquartered in New York, N.Y., is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.

CONTACT: Industrial Enterprises of America, Inc.

Investors and Public Relations:

David Zazoff

(212) 505-5976

[email protected]