International Power Group Ltd (IPWG)

[KingKongBundy]

Likely mix of profit taking and short term shorting. A huge rise such as on Tuesday is always followed by a correction. The MM's like to manipulate IPWG, especially while it remains on the pinks. Once they move to the OTCBB, the MM's will be in a world of hurt. There are a number of institutions dying to get into IPWG. However, they cannot buy pink sheet stocks. Once IPWG moves to the OTCBB, they can jump in. The MM's know this. That is why they have held IPWG in the 30-40 cent range over the past few months. It is speculated that they were doing some covering down there. There was not much public interest in IPWG at that time due to its prolonged price decline. Now, with the announcement of clearance of the SEC comments, the MM's know that their time to cover is limited. I expect to see more big days for IPWG as the MM's begin to cover prior to IPWG's move to the OTCBB. This is just my opinion.