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I'm just saying that it is a bit late to sell now. The time to sell was over $2.00. There's only 60 more cents downside...I doubt it is going to 20 cents in the next few months. Pink sheeters should be bought with your gambling money and not your investment money. The gains are either going to be BIG or the losses will be BIG...that's why. Might as well spread your love between multiple pinkies and go for broke.
revalator,
I knew a couple guys in a band named revelator
"buyit", i think people shouldn't lose their shirts in unregulated pink sheet BS. i subscribe to the theory that says preservation of captital is the most important rule of investing, especially when it comes to penny stocks. you may be right. irxi could take off to a dollar.
do you believe in watch lists? do you believe in putting your favorite "dog" on a streamer just in case it wakes up, and then adding to that postiion later, when it has a powerful reversal, rather than loading up when it sinks to the bottom?
Selling right now mean you subscribe to the "buy high and sell low" theory. The pros make money off those people. Hold tight and wait for the next explosion through $1.00/sh. No one will see it coming...it will just happen and then a whole new crop of people will "buy high and sell low".
i agree, sea2sky. those of you stuck in this stock, underwater, may want to consider what would have happened if you had put that same $ in AURC, VRDM, INSQ, AMHD, NNLX, or STDE yesterday. you'd be out of your hole by now... and you'd never give INREEX another thought. follow the momo and get rich. just my humble opinion.
in such a bullish market,these kind of garbege stock waste time and money.
Revelator - we will have to wait quite a while to recoup the drop in share price. I believe they have a great concept; it just needs to become more widely known. Patience is key here.
S.
Well after an extremely weak start.............................
it ended on a strong note. I thought it might stay flat with the down market. I have the smallest amount of hope.
Rev
Thanks Brikk!
S.
Ha, thought they were closed Monday. Well good, today was bound to create an ugly day tomorrow. Time to digest before Monday.
Thanks again and good night.
rev
just a heads up. the market's are closed tomorrow for the easter holiday. good luck on monday.
and have a great weekend, both of you.
Thanks for the condolences Brikk. Believe me, I'll have an exit strategy on the upside. I won't wait to make it all the way back.
On the downside? I'm not sure. Right now I can't stomach the thought of it going lower but todays chart doesn't bear well for tomorrow.
Stephen, my friend, it looks like you and me. And I thought me and Rozenberg were the only two left holding shares!I'm down about the same as you. Not a huge amount for alot of folks but it is for me...Best of luck.
Rev
Thanks Revelator for sharing the encouraging info. I am down about 5K in this stock so far. I do believe in the long run that it is a big winner. The writing style of the CEO is on the money. Let's see if he will deliver. Have a great weekend!
Stephen
sorry to hear that, rev. i've been there, and it's really no fun whatsoever. for your sake i hope this CEO is on the level. start looking at those fib retracement numbers and place your bet for an uptick. i've got my eye on this one, too. good luck and have a great weekend.
It was indeed good to hear...............................
Positive news just no time frame. I wrote back thanking him for responding and received this more upbeat reply:
__________________________
Thank's for your response
Yes you can relay the information to shareholders. Our management is here
for the longterm.
In the next few months, our shareholders will hear many initiatives, that
will bring back the confidence of our existing investors and increase the
overall number of investors.
Again, the company received a very positive response from the investor
community and I am 100% positive, our shareholders will be the first
beneficiaries of the company's success story.
Sincerely,
Paul Rozenberg, CEO
__________________
Am I on the sidelines? How I wish. I can't believe I've ridden this baby down. Did it once with glw in the great fiber optics meltdown. GLW came back....this is much more risk. I'm not in it heavy but it's enough to ruin what's been an excellent month otherwise. Just plain stupid.
Rev
well, that's a bit more encouraging, isn't it? hope you were on the sidelines today. OUCH. what a tsunami of selling.
I have a bit of news........................................
I received an email response from Mr. Rozenberg. Here it is:
______________________________________________
Hello, thanks for your interest in the INREEX.
I am sorry for not getting back to you more promptly, I have been very busy since the company went public. Currently we are working on increasing our exposure and branding our exchange. We had no idea we would get this much exposure and investor
interest at such an early stage, but we are very excited to have it.
I can say we do anticipate moving to a higher exchange; at this moment we are considering either a dual listing on the London AIM exchange or preparing audited financials and graduating to the OTCBB exchange. Either way, we will do our best to stay as transparent as possible and increase our shareholder equity .
We are also working on getting CFTC approval so that we can offer live trading to U.S. citizens. To make the process much quicker we are considering and looking at possible acquisitions with companies who already have CFTC approval. Right now this is one of our highest priorities. We do have some more exciting developments that will be released to the public once particular terms are finalized and completed.
We usually do not comment on share price, management of INREEX holds only restricted shares in the company and in no way shape or form is benefiting from the valuation of our company.
Sincerely,
Paul Rozenberg
CEO, Inreex Inc.
rev, i'm out because it spooked me that i never got a return call from IR. for days and days. it's all very murky. management is russian, but lives in the uk? not sure. yes, they've got offices in various places, the one i spoke with had 4 employees, but who's verifying any of this? it's so opaque. this may turn out to be a great company, but if so i think i'll have time to figure that out before the stock takes off and leaves me behind.
the initial spike was driven, from what i understand, by a PR campaign. stock promoters were saying 'this is a stock that can go to 16 dollars'. of course everyone piled on, and then it collapsed like a house of cards. who do you think sold at the top? i could go on. the last PR was nearly 2 weeks ago.
based on what's known so far would you want to open an account with these people? who else would want to make such a leap of faith? it all stacks up to make me want to just watch from the sidelines. i wish you luck with whatever you choose to do.
No it doesn't. I think I might try and make contact one more time.
Does anyone know of any other irxi boards? This is the only one I've found. Anyone with good news out there, please don't hold back.
Rev
so that's two of us who never got a call back from rozenberg. doesn't build a lot of investor confidence, does it?
This stock is dead.
Dropped the price too fast. Volume is drying up. This will be under a buck soon.
We need some good news or PR about now. I called last week myself-asked for investor relations. Lady said the person I needed to talk to was in Russia but would give me his voice mail. It turned out to be Rozenberg. I never heard back. We should call again. Reassurance could benefit greatly. Thanks guys.
Rev
Rev,
All I can say is keep a close eye on it. Its a sweet little gig. All it needs now is some revenues to follow it. If it starts to fall get out, if it goes it will go big.
Hope this helps.
i put in a call to the company, to speak with IR, and a woman took a message and told me i'd get a call back "tomorrow". that was a week ago. i've since sold.
Anybody still out there? Things are looking grim. No news, no posters. Stockpro....do you have any info to give us hope?
Rev
Thanks Bruce, Are you in or just watching? Something has it by the tail this afternoon.
good news. SEC doc shows that there are only 4.1 million shares are tradeable now. most of 45 millions are not allowed to trade this year
here is document of website https://www.otcstockinfo.com/repository/657547/657547_FR13.pdf
I got in at 1.70 on the way down. Dumb move. Glad to see it stabilize. I'll look for an exit point unless there's viable news. Any info would be appreciated.
not yet. i'm waiting for more transparency from the company before i give them my bank info. that said, i'm happy enough to buy their stock for now. :)
are you a buyer here? i took a small position today and am waiting for it to shake out a bit more. GL2U.
Have you tried to trade on the inreex site? Has anyone?
for a pink sheet company?hard to belive
IRXI on TV tonight. Looks like the media starting to pick up on this incredible company.
http://dnn.tv/default_home.asp
Wow! 5 days to climb, and 2 hours to dive. Pink sheets..... not a fun place to play. I'm still watching this one though.
back up to 1.88 after hovering for a long time near 1.80 level. looks like we might see a turnaround. too many bagholders at the 2.40 range for this to stay down much longer, imho.
i've still got one toe in the water, but it could be several days before this thing figures out a clear direction again. thanks for a good post!
I got in at $1.78 on Thursday, and I got out at $2.42 today. I really do not care what happens to this stock from this point. It could dive into the dirt or it could soar to the stars. I sold today because after 5 days of nothing but up-ticks, it started jumping wildly up & down (mostly down) in the last hour of trading. It was time for me to bail. I will take my 35% gain and watch this one like a hawk. Who knows, I just may be back. But I am thinking the fast money is gone.
Happy trading, and be careful out there.
I wouldn't worry, have a longer outlook. $2.83 will look like pennies in 6 months or less imo This stock is going to be huge, have you looked at their website and what they are offering? Somehting no other company or entity has yet to produce, now that is HUGE.
Got out at 2.82 nice! It will probably bounce back up tomorrow but not as high as it was. JMHO
was gonna set a sale at $2.83, but got tied up with a customer. Damn! just lost $400! Hope it goes back up tomorrow or I'd be pissed.
Looks like support is at 2.40-2.50
too much red. rivers of it! wow. on the sidelines until it settles out. any guesses on the next support level?
just got on board the IRXI train this morning. chart looks like it still has legs. anyone want to take a stab at friday's close?? GLTA.
fastlizzy can you or anyone tell me what company is promoting this and what city and state the mailer was sent from? thanks
IRXI is a great short/mid and long-term hold imo. Like I said earlier, I wouldn't be suprised to see this company get bought out fairly quickly by some larger players due to its great concept and functional trading system which will allow it to become a major exchange. There is not a tool out there right now that allows one to specualte on this $20 trillion dollar market. Well now we do and I would bet you anything the mass media will catch wind of this company soon.
Ummmmm!!! YEAH!!! I am staying far away from this one. Maybe if i could have gotten in right away, but i would have also been out by now. When this one peaks, watch out, and hope you are out beforehand.
Grumble. One day i will get in on a stock before everyone else!!!!!
$16???? Yeah, that may be stretching it just a bit. But I definitely think there is much more upside to go!!!
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