Identive Group, Inc. (INVE) has seen a price spike that has been attributed to the stock being picked up as a secondary play for Apple Inc. (AAPL) iPad 2’s short-range wireless cashless pay system. The company recently purchased Smart Tag, which specializes in high performance design and production of high frequency (HF) and ultra high frequency (UHF) RFID transponders and inlay-based solutions, including labels and tags used for asset tracking, cards and stickers used for e-payment and ticketing transactions, and NFC labels used to enable secure payments with mobile devices.
Smartag’s ability to utilize multiple antenna technologies and designs allows them significant versatility in customizing solutions for different application.
With big excitement around iPad 2 this can have a room to run. You could be long here around $3.25-3.35. First target around $4.40. If it really grabs, I think it’s possible we see $7-$8. Your stop should be $2.75. *This type of trade is only for the experienced speculator.
*DISCLOSURE: Scott Redler is Long INVE
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.
*DISCLOSURE:
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.
