Friday, October 13, 2006 2:12:13 PM
First of all, it's Friday.
Secondly, IPKL is up from a base of .0006 last week to the current levels and the uptrend is still intact. People who made triple or quadruple their money since .0006 have been "dumping" in the past week, but new buyers have come in. (I figure apprixmately $500,000 worth of dollar volume here on a Friday alone) realizing that the stock is still vastly undervalued.
Thirdly, this was being "pumped" by the CEO of Ipackets on MoneyTV in January of this year when the stock went from .03 (yes three cents, just one zero) to four cents before steadily declining to .0005 levels.
The question is, who has the patience -- or who will be lucky enough to time it correctly -- to be in the stock until and when the press release comes out announcing that the Chinese government has purchased the first IP Mine kit for deployment in one of their 80,000 mines? The promise of that event is the key to this uptrend that is STILL ongoing.
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