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IGNT .... news & volume
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[QUOTE]Originally posted by Smash: [QB] Trade4Pepper, I don't own any shares of IGNT, so I'm impartial to it. In my opinion, this stock is gonna turn around pretty soon. There have has been one major problem with this ever since its spike up on June 9th. This problem also plagues SPNG (Spongetech). The volume is too high. When there's this kind of trading volume, the ASK price is constantly being undercut, and the BID keeps retracting each time the ASK moves lower. Here's the good thing. The volume since June 29th has been at or near triple digits (in millions), but the last two trading sessions have seen a large volume decline. This, coupled with the fact that a 1.5 month chart shows that the stock is oversold and trading on the lower end of its bollinger band, signals that selling pressure should subside and the stock price should begin to climb back up. The current price of .0055 is the lowest its been since it spiked in June. In my opinion, if you can afford to keep your funds in it, now is a bad time to sell. Always do your own research, and don't base any decisions based on my opinions. Smash [/QB][/QUOTE]
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