IDCN HITS A HIGH AND SETS ITSELF UP FOR A BOUNCE PLAY, ALL IN ONE DAY - Pennystockchaser.com

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 9, 2010 -- www.pennystockchaser.com - IDCN HITS A HIGH AND SETS ITSELF UP FOR A BOUNCE PLAY, ALL IN ONE DAY

IDCN hit a high today of 0.0028, beating out its high from yesterday of 0.0026. IDCN retracted slightly by 0.0004 before closing the day at 0.0022 on strong volume of 543,773,528.

Today’s small hiccup is no surprise after the huge rally from our alert price of 0.0009. With close to a billion shares traded yesterday on gains of over 50%, the interest in IDCN is very strong and the slight pull back is not unusual.

A retraction in the price is often a good opportunity for investors to accumulate more shares and once the playing field stabilizes another rally usually follows. For a sub penny stock IDCN had an incredible run last week of 88.88% gains and we will be looking for stronger moves ahead as the company keeps us updated on their developments.

IDCN is moving along as we had planned and today’s action was to be expected. IDCN still managed to beat out yesterday’s high and hit 0.0028 with heavy traffic all day.

http://www.stockscores.com/quickreport.asp?ticker=idcn&x=25&y=9

On no compensation and without being hired, we have heavily invested in IDCN because this sub penny pick is a good play for the rally that’s brewing out there. From unemployment to consumer spending, all the reports are circulating the news and it looks like the road to recovery is going to be a lot slower than when we first imagined. We have all been affected by the state of the economy which is why we wanted to use it as an opportunity to make some serious money. This is what pushed us to mark IDCN as a trader’s special. We are all on the same playing field looking to score some huge profits.

IDCN is the ultimate gold sub penny pick and although the risk is higher we are confident that the reward on our investment will be even greater.

This pull back is a set up for a bounce back. Those who didn’t get in at our alert level may want to use this play to their advantage.

Make the best opportunity out of every situation. Think smart and act smarter.

Check out this article from The Wall Street Journal called “Should you Join the Next Gold Rush?”

It offers amazing insight into what to look for in the junior miners.

Main Street investors always want in on the ground floor of the next Microsoft or Google, or, in the commodity world, the next gusher or mother lode.
At a time when gold is above $1,100 an ounce and some expect it to go far higher, a lot of investor energy is focused on the so-called junior miners. These are the tiny mining firms that often own little more than a piece of land, some geology studies and dreams of El Dorado. So much cash has flowed into the Toronto Stock Exchange's small-company Venture Exchange -- where mining firms in 2009 raised nearly Canadian $3 billion -- that its total market capitalization surged by 112% last year.

Overall, the article sums it up that investors should focus on junior miners that are within a year of production.

http://finance.yahoo.com/banking-budgeting/article/109006/should-you-join-the-next-gold-rush

Given the above we think we have scored big with IDCN. As the company works on its Hockey Stick property it also announced its involved in the Oil & Natural Gas play in Pennsylvania. IDCN is deeply committed to this project where Indocan Resources Oil & Gas LP will invest with funds from our investors, the Limited Partners, up to $593,000 in a twenty well plan that yields 60% NRI to IDCN. These wells will co-produce oil and gas and drilling should commence next month.

We are on the ball with this sub penny pick. IDCN is close to drilling and we are expecting to be sitting on huge profits as the company keeps the news flow going.

Please remember to do your due diligence on IDCN.

For more information on IDCN please join us @ http://www.pennystockchaser.com

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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