August 3, 2004
SpeculatingStocks.com Stock Pick: IPIX Corporation (IPIX)
Stock Price: $8.83 (short-term strong buy)
We first released IPIX as a stock pick on June 17th, 2004 at $14.46. IPIX has since dropped over $5.00. This was one of our more successful stock picks. We have now decided to place a short-term strong buy rating on IPIX.
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 has been bottoming at the $9.00 level for the past 10+ trading days. IPIX Security division has just received a $3 million purchase of its CommandView video surveillance cameras from a UK distributor. With all of the security concerns at buildings in the United States, there is a great demand for surveillance systems.
Shares jumped in the past when Homeland Security Secretary Tom Ridge mentioned IPIX's technology. We would not be surprised if their technology was mentioned again by someone within the government and/or business world.
SpeculatingStocks.com Target Price: IPIX shares could jump to over $12.00 in the near future on major news or mention.