iPass (IPAS)

Company

"iPass delivers simple, secure and manageable enterprise mobility services that maximize the productivity of workers as they move between office, home and remote locations. iPass connectivity services utilize the iPass global virtual network, a unified fabric of hundreds of dial-up, wireless, and broadband providers in over 150 countries. iPass security services—based on unique Policy Orchestration capabilities—work to close the gaps in protecting computers, networks assets, user identities and data over all remote and mobile internet connections." (company website)

Buy

2-Dec-05. With my earlier lot of IPAS up more than 6%, I decided to add another lot to my position. IPAS has now broken through the year-ago price level (see sidebar), and the chart still looks strong.

• Price momentum (PPO) — picking up again
• Trend (ADX) — gaining strength
• Money flow (CMF) — strongly positive
• Relative strength (RSI) — very strong
• Volume — big volume on latest price jump

Sell

25-Jan-06. IPAS has been very good for the bottom line of my portfolio. IPAS set another new 52-week high yesterday and the uptrend is unmistakably clear (see sidebar). However, I decided to sell today. IPAS has been marching up the upper Bollinger band for the past two weeks, and that is statistically very unlikely to continue. Further, the new high was set on a down-day, and today's session traded lower still. These are frequently a sign of an impending reversal or consolidation period. Hence, I chose to lock in profits.