Even though IceWEB, Inc. (OTC:IWEB) was promoted less than three weeks ago, it seems promoters were anxious to start the second round of the campaign.
Last night, a couple of newsletters dedicated to IWEB were detected by our radar. The promotion is going to interfere with the incoming trading session of IWEB.
The promoter admitted that he had received $10 thousand for a two-week campaign. The money was provided by Investor News Source.
The last promotional campaign on the company was on Aug. 09. Since then, as it is visible on the chart, IWEB has dropped down by a couple of cents. In fact, after the promotion there was a short period of appreciation in which IWEB shares reached a price of $0.21. However, a correction period followed, which brought the stock below its pre-promotional level.[BANNER]
The last session of IWEB finished in a bullish mood. On Friday, 142 thousand shares were traded, which is lower than the daily average. The share price jumped 5.88% to $0.18.
IWEB is very close to one of its major supports at $0.16. So, the focus of speculators will be cast on this area in the coming days.
