Ingen Technologies Inc (IGNT)

[YankeeAce]

tanail, i've been trading pennies for about 3 years now pretty steadily and it is not that unusual for a stock to trade multiples of its float on spikes. if u look back to mid june when it did trade 50 million shares in a day you have to notice the nice setup that occurred a few days prior. u will notice the base and a slight upward movement followed by a huge trading day. i think there are alot of daytraders that buy in on signs like this and look to make about 10% to 20% in one day. on the day that traded 50 million the stock was up about 100% at one point. this is also right around the time that the company released news of record sales. news or no news daytraders or momentum traders jump on board when their alerts go off for either volume or price. looks like we are poised for another run like that one, but without solid news it will likely give back everything that it runs. we need sales results and an update on the pure produce.