Yesterday Innovative Product Opportunities, Inc. (OTC:IPRU) had an unusually active trading session. It’s not quite clear what caused the sudden interest, but a promoter featured IPRU after the close.
In the interest of accuracy we should say that for the better part of the trading session no one traded IPRU shares. Almost all of the volume was generated in the last hour.[BANNER]
Still, IPRU recorded a close up 154.24% at $0.015, and the volume reached 5.6 million shares.
According to the disclaimer, a DC Designs, Inc. paid the promoter $50 thousand for 2 days of service.
Another thing which could normally cause a surge is a press release, and IPRU did issue one yesterday, but it was issued after the close.
The sudden market activity, followed by a promotion and news, may seem somewhat suspicious. The promoter says that “IPRU runs whenever it has news released.” For some reason, the pump mail fails to mention that IPRU sometimes plummets on news and especially on promotions.
The really sensible part of the promotional newsletter is where it says that traders should do their own due diligence.
