IncrediMail Ltd. Finds Some Mojo (MAIL)

Posted in pre-market 
August 6th, 2009

IncrediMail Ltd. (NASDAQ: MAIL) is rising after it showed total Q2 revenue rose 29% to $6.7 million and net income was $2.4 million, or $0.26 EPS compared to $0.6 million, or $0.07 per diluted share in the same quarter last year.  This has limited following but is a true cult stock.  We have shares up almost 13% at $7.62 as 8:50 AM EST on almost 10,000 shares.  That might not sound like much volume, but this trades only about 33,000 shares on average and it is only a $62 million market cap stock before accounting for today’s higher prices.  This also marks a 52-week high above the old $7.20 level. Based upon day traders and low-priced low market cap desites, this stock should see an exponential rise in volume today.  -JON OGG

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