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Bullboard - Stock Discussion Forum INNOVA GAMING GROUP INC T.IGG

Consumer Cyclical Gambling
"Innova Gaming Group Inc designs, develops, produces, markets and service games, systems and tickets for the North American gaming industry in the business to government lottery sector."

TSX:IGG - Post Discussion

INNOVA GAMING GROUP INC > Thinly Traded
View:
Post by Meeky on May 24, 2016 1:21pm

Thinly Traded

The company itself is solid, but when a stock is thinly traded, due to minimum shares available the price momentum in either direction is drastic. I wish I would of known it was going to drop this much in the last few weeks; I was certain with the Buy Back the stock was going to rise. Next time I will keep my eyes on the charts and stick with the technical side of things and not how great a company is doing or rated. GLTA
Comment by 88guy88 on May 24, 2016 2:06pm
RSI is now 33.95....even more oversold and for sure it is a thinly traded stock and that does not help with volatility for sure but because its a thin trader it can also shoot way up with a news release or contract....these kind of stock you need to buy and just put them in the shoe box and check it yearly....the fundamentals are sound and the technicals show over sold.....no guts no glory....good ...more  
INNOVA GAMING GROUP INC
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