June 17, 2004
SpeculatingStocks.com Stock Pick: IPIX Corporation (IPIX)
Stock Price: $1.80 (long-term strong buy)
IPIX Corporation offers mission-critical imaging where visual content is required for eCommerce and the protection of life and property. IPIX is involved in homeland security through government and military surveillance.
IPIX created the technology that enables eBay users to make a 360 degree tour of their car or house.
IPIX went to over $27 during mid-April and dropped to around $5 by the end of the month. The price went up so rapidly due to homeland security hype and short sellers covering.
Homeland Security Secretary Tom Ridge mentioned IPIX on June 3rd causing IPIX shares to jump from $8 to over $12. IPIX shares have since risen even higher; however, we believe they are on borrowed time before they drop below $10 again.
SpeculatingStocks.com Target Price: We expect IPIX shares to drop below $10 in the near future.