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Topic: IPVO might be penny again

BT
Member

Rate Member

posted

Whats going on with this one? Was on uptrend now dropping like a bad habit! RSI is almost 30!!
http://stockcharts.com/def/servlet/SC.web?c=IPVO,uu[m,a]dallyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Posts: 3026 | Registered: Apr 2004 | IP: Logged |

beginner
unregistered

posted

this stock needs good news to stay up. we havent gotten any in awhile. It used to have great news at least once a week. Now, it has slowed down on the great PR's and the pps shows. Volume is very low recently also.

Also:
1. The WFRI deal was supposed to happen a few weeks ago but it is still brewing.
2. news about being listed on the berlin xchange.
3. delay in the release of the 10QSB.

I think the 10Q will be out tom. or thurs. and the price will go back up, maybe into the .90's. Then we really need that pr to come out about the successful aquisition of WFRI. Then it will get up into the $1's again.

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rajarammx
Member

Rate Member

posted

It is a big possiblity that it is also getting an effect from delisting from Berlin...if lot of shorting was going on from there they need to be filled ASAP before the delisting...this could explain why the PPS is being brought down....

IMHO

------------------
GLTA

Raja

Always do your DD before Investing or Daytrading

Posts: 635 | Registered: Nov 2003 | IP: Logged |

blackice318
Member

Rate Member

posted

Maybe the Berlin maybe why but a couple of things.

1. Thats the worse way to look at a charts activiety based on the lines. Id definently go by candlesticks

2. It looks fine to me at this point and seems to be channeling.

Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003 | IP: Logged |

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