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Big Gainer; IDO Security Inc. (IDOI)

By Warren Paige

Shares of IDO Security Inc. (OTC: IDOI), a designer, developer and marketer of the patented MagShoe™ shoe scanning device (SSD), saw a huge rally in trading on Thursday.

IDOI shares ended the day 45.68% higher at $0.539 on above average volume of 2.92 million.

IDOI shares surged after the company announced that it installed additional MagShoe systems in government offices throughout Israel. The latest order for MagShoe follows installation of the system in 2007 at other Israeli government venues in Jerusalem.

Avishai Rotshatinm, Marketing Manager at IDO Security, said that the order is a vote of confidence by the Israeli security establishment in the MagShoe as a tool of choice to detect metallic objects in lower parts of the body and it is a confirmation of a long and ongoing relationship between Israeli security officials and IDOI.

 

July 20th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.