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VIPR - tag category postings

VIPR Industries may be setting up for a move this week

Sunday 16th of August 2009 07:24:21 AM

The penny stock VIPR Industries may be setting up for a move this week. It is somewhat of a simple setup but could have some juice in it. Caution is still advised because there is not much sideways cause for VIPR.

The positives here are the bombshell volume that occurred about 3 days ago on the first spike upwards. That was on over 100 million shares. Then the next day retracement downwards was on dramatically lighter volume. The drop off in volume was substantial and I do not usually see such a dramatic drop off in volume like that after such a big move, especially on penny stocks. The actual percentage drop off in volume on VIPR was by about 68% which is huge.

We may have very quality volume here in VIPR.

Then on last Friday price on VIPR starting catching wind again and volume increased substantially to about 67 million shares. So roughly 60% of the free tradable float could be bought up at this point.

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2009/08/16 | Penny Stocks - Sub Penny Stocks - gold penny stock | No Comments »