Ignis Petroleum Group (IGPG)

[cottonmather]

Guys in the black hats were almost 1/3 of the total volume today. Something is going on that ain't friendly to longs....... at least for today. I'll continue monitoring the volume every day until an answer is found.

The last strike of such volume was around 3:00.

I am confident at this point it is not short activity, but rather systematic selling or new distributions. I will get raked for that comment but I am 95% sure it is one or the other. Now we need to find out who and what.

1/3 of todays volume is insignificant in a short span. But I have mentioned this has been going on for a while. 1/3 of all volume over weeks will become a significant number. And when we are anticipating a price move this can only slow or negate that progress.

I will monitor the next few days. If someone can let me know when AUTO makes an execution by simply posting the approximate times they chime in (eod)...... it would be appreciated and perhaps more palatable by readers if a joint effort is made. AUTO is a likely black hat marketmaker doing the deed.

btw.... 1/3 is a common ratio of most new share distributions

Has anyone heard when the Q will be out? I read it was delayed a while back.

glta