Intellicheck Mobilisa, Inc. just rolls of the tongue….doesn’t it? Nope! I am sure there is some great reason for such a clunky name, but that really doesn’t matter.  As a trader I am most concerned about how I think the company will do as a short-term trade.  And, I think that Intellicheck Mobilisa (IDN) might be a very good trade.

The chart indicates a company that is in decline (stock price wise).  See for yourself:

IDN is a profitable company, with money in the bank and growing revenues (year over year).  It has relevant technology to today’s security conscious world.  In fact, here is a short overview of what the company does that I took from its website:

IDN is a leading technology company in developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets.

Products include the Defense ID systems, an advanced ID card access control product that is currently protecting over 50 military and federal locations and ID-CHECK a technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format are valid.

IDN provides total package security systems for access control to protect airports, government and commercial buildings, military installations and other critical sites as well as for first responder initiatives.

You can view the full website by clicking HERE.

The major fly in the ointment that I see currently is an antitrust lawsuit that has been filed against the company for its Defense ID product.  According to the company and to the people on the boards I monitor, the lawsuit is baseless.  I am not an attorney, so don’t take my word for it.  I can’t see any other strong or compelling reasons why the stock has lost so much value, so quickly.

I do notice that their is little buzz about IDN on the boards, meaningful/exciting news has been absent lately from their PR’s….maybe people are just bored with it.  Maybe investors are looking for better places to put their money.  Volume  is light (30K shares/day average) and a month ago 11.3% of the shares were being held short.  The shorters got what they wanted.  Could it be time to go long?!

IDN is worth taking a look at.  With a 52-week high of only $2.10, IDN could be an early Christmas present for the savvy trader.  Be aware that the trend is still down.  I never try to call the bottom on a stock, but I like the fundamentals on IDN.

Good luck and good trading

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