Today's trading is perfect. What it shows is that most of those buys last week were real, and will be holding for the long term. With the extreme low float this is not a day traders stock, and you don't want a lot of people owning it until the blow off top at over $5.
There really hasn't been selling here for half a year. All of the big share days were higher, or with odd scooping of large amounts of shares that really didn't make sense and probably weren't open market (in reality).
Nobody is ever trying to get out at any price. Through the years, there have been some selloffs after speculation has built up and an earnings miss happens, but in this case here the expectations are low and so a relief really is coming, plus more specifics on the launch of the new business in the spring, and if they show an even more streamlined balance sheet the shares will climb even higher than the relief rally will provide.
Just think of it as if last Friday's rally of 900,000 shares that ended at 75, was instead one million that ended at 70. In fact, 70 was the real churning price for most of the day, until quite late. Pause here for a day, and then see what happens by the end of the week. Quickly you come to March 9th, and that will bring good news, and since the shares were left for dead the last half a year, the price will go over $1 then, if it doesn't get there before.
It would have been nice to own OWCP, but then again you could have owned FNMA. Speculation works both ways, but IFON at these prices is an investment, so it will be more of a plodder, with some nice moves coming along the way. At least you know that you are not waking up to some nasty surprise and huge down day that could be permanent. The company is in fine shape compared to 99 percent of debt riddled, or no revenue scams out there. History shows that when IFON makes its move,it is a rapid one and the share price adjusts upward quickly. Going from 35 cents to 70 cents is pretty good for less than a month.
