Monday August 1st, 10:40 AM

IPMG volume heating up again.

One of our featured microcap stocks, IPMG, is heating up again insofar as its volume is concerned.  As we had previously mentioned, the stock has played to technical form by retracing back into the .011 to .013 area and has been churning sideways at this level for approximately one week. 

Volume dried up somewhat in the early part of last week and is now picking up again.  This junior gold, silver and copper mining play has some resistance at the .018 area and more significant resistance at .023 to .027  Any move through .027 could bring about a quick move into the .035 to .04 slot.  First strong support appears to be at .01 

Any news could be a catalyst for higher movement as it seems selling has dried up significantly.