Ignis Petroleum Group (IGPG)

[cottonmather]

I began posting here when the IGPG share price just came off .0025 and posted I had been buying the last few days. I could not buy .0025, however.

Some chartist claim things that are improbable and worse and give the science a bad wrap. Others can tell you things about a stock unimaginable through their charts. I told you I was buying IGPG around its all-time low and it has well more than tripled from there. I call the particular mathematical event I used to determine this MACross21CCITag. It is a synchronous technical event where several calculations within IGPG price data reach a threshold simultaneously. It is not perfect. On occasion I buy duds. I trade futures indices contracts for money and cheap stocks for fun and drama.

Penny_TA is an accomplished chartist having bought IGPG. His methods are different than mine, yet he is long IGPG near this bottom as well. There are reasons why we are here when we are and I'm sure other chartists are as well.

You mention IGPG being on the SHO list. Many otc's are there. The only thing I ever read about IGPG is here on this board. I did a mathematical scan on StockCharts.com and found IGPG. I had never heard of the stock until a few weeks ago, nor knew what they do in business. This SHO list means little to me. With extra effort I can tell if IGPG is being shorted or new shares are being distributed in my charts (should this become important to me). Some people doubt it, but I regularly prove them wrong.

I've been charting for a long time and have tinkered and read enough that I am confident IGPG is/was a reasonably safe long at .003 with likelihood of reaching exponential gains. Heck. I have read three books on MACD divergence alone. How screwed up is that? I may be dried up, but I'm kickin' IGPG's butt to the bank. (wink)

I'm not an enemy. My intent is to be long IGPG until the chart says different. Black and white. No nonsense. No fluff. And little gray as possible.

Good luck