Ignis Petroleum Group (IGPG)

[cottonmather]

Monday distributions were done a little differently than usual. While they were cutting line on rare occasion (about 8% of all volume), a few may have gone completely retail and even on the bid. You now seem to question the undercurrents.

The following report includes one after-hours trade at bid

08/11/08 09:45:15 0.0045 0.0041 0.0045 20700
08/11/08 09:46:54 0.0041 0.0041 0.0045 400000
08/11/08 09:46:57 0.0041 0.0041 0.0045 198400
08/11/08 09:47:02 0.0041 0.0041 0.0045 23000
08/11/08 09:47:07 0.0041 0.0041 0.005 0
08/11/08 10:32:25 0.0041 0.0045 0.005 0
08/11/08 11:05:57 0.0045 0.0045 0.005 520
08/11/08 12:06:59 0.0045 0.0045 0.005 100000
08/11/08 12:46:50 0.0045 0.0045 0.0047 0
08/11/08 12:47:29 0.0045 0.0045 0.0047 100000
08/11/08 12:47:34 0.0045 0.0045 0.0047 200000
08/11/08 12:48:03 0.0045 0.004 0.0047 0
08/11/08 12:48:03 0.0045 0.004 0.0047 20000
08/11/08 12:49:01 0.0045 0.004 0.005 0
08/11/08 12:49:02 0.0045 0.004 0.0045 0
08/11/08 12:50:01 0.0045 0.004 0.0042 0
08/11/08 12:55:52 0.0045 0.004 0.005 0
08/11/08 12:55:52 0.0042 0.004 0.005 50000
08/11/08 12:55:53 0.0042 0.0042 0.005 0
08/11/08 13:39:23 0.0042 0.0042 0.005 55000
08/11/08 13:40:59 0.0042 0.004 0.005 0
08/11/08 13:41:02 0.0042 0.0042 0.005 0
08/11/08 14:06:34 0.005 0.0042 0.005 500
08/11/08 14:22:48 0.005 0.0042 0.005 55555
08/11/08 14:56:35 0.005 0.0042 0.005 5000
08/11/08 14:57:28 0.005 0.0042 0.005 99310
08/11/08 15:47:53 0.0042 0.0042 0.005 35000
08/11/08 15:48:06 0.0042 0.004 0.005 0
08/11/08 15:48:07 0.0042 0.004 0.005 50000
08/11/08 15:53:40 0.004 0.004 0.005 125000
08/11/08 15:53:41 0.004 0.004 0.005 285000
08/11/08 15:55:09 0.005 0.004 0.005 5000
08/11/08 16:14:47 0.004 0.004 0.005 1000000
08/11/08 16:14:52 0.004 0.004 0.004 0

It really doesn't take much to upset the other makers. Longs suffer when they do. L2 trading in these conditions can give you a headache if it remains on your shoulders.

Still long, but wondering about it.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2939893