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I think we will see 21 cents. If you make a profit, take your initial investment out and play with their money, the profits. If you loose the profits, you lose what you really did not have.
IRNC was on a run way which is why the 10-K did nothing to the price of the stock, the 10K was already built in the price of the stock, the price of the stock will rise on future expectation and I believe next week from the chart I provided will play a big role.
Outstanding shares will hold a stock from going higher if good news comes out, unless the float is low, and IRNC has a low float, meaning good news will drive the price of the stock higher.
Next week will be important, and we might see this...
My chart is showing a nice run way and today it appears to be lifting.
I have been calling correctly from my chart, and also said the 10-K will be a disappointment. Forget about August, next week, from the 22nd (maybe 21st) through the 29th we can determine to hold or sell, and if it starts to go up it's because a press release will come out with good news.
As stated next week will be interesting and will allow me to weigh IRNC more fairly. If it moves it will on future expectation backed up by news shortly after the price of the shares rises.
They have a good product which strengthens an existing security program. All we need is a reputable company to highly speak about this product.
One should not worry about the outstanding shares, what is important is that the float is low. Good news will move the stock the float will increase but the smart players will sell.
As I stated, July 22net through July 31st will tell me if I need to dump or hold on to the stock.
Peeteman, as I stated, from July 22nd through the 30th will be interesting, that will tell us where this stock will be heading.
When a stock is being dumped, a broker is not required to buy from you if you want to sell shares and there is no buyer. Usually, transactions occur when there are buyers and sellers, and though can seem like everyone is selling when stocks are in a period of decline, but remember that someone is buying the stock if they are selling the stock. The question is, who is buying the stock on a decline? Who is losing money and who is putting themselves in a position to make money?
Shorts were betting that the stock would drop and investors are selling due to the 10-K, so who is buying the stock? Dumb investors or smart investors?
By the way, many company used the phrase that appears as they can go out of business, but they don't, don't let that bother.
Again, July 22nd through the 30th will be interesting.
I hope they do though I will hold on, I invested with the expectation of losing my investment, why not go all the way? You are correct, the 10-K got worst.
I don't know who lend them money, but I will say this... an owner of a business can lend money to their company and have their company issue a promissory note to them for the amount. In other words, they know they will recover their investments and it appears that is what they did.
This is interesting, in the beginning of the 10-K they stated their operating plan...
Our operating plan within the next twelve months includes the following:
?Build on our existing support functions of infrastructure projects and operations through the deployment of our proprietary technology.
?Expand our licensing and deployment of our patented data protection solutions through strategic alliances.
?List our Class A common stock on a national securities exchange such as the NYSE American or the NASDAQ Stock Market.
As I previously stated, with penny stocks you invest with the expectation of losing all, for this reason you do not invest a lot of money in penny stocks and if you do, you better watch that basket.
Lesson for all penny stock investors, invest with the expectation of losing all and don't invest no more than $1,000.00 when you are buying penny stocks. If you invest with the expectation of losing it all why invest a lot of money?
I said that the stock could hit .0096 today, it appears as if it hit .0091, not precise, but it his the .009 mark.
When a company issues additional shares of stock, in most cases it reduces the value of existing investors. I am sure there was dilution involved, but this chart is showing an uptrend, maybe good news will follow the 10-K if they are releasing it.
10-K for small companies like IRNC can get a 45 days extension to file. Question, is it confirmed that they will release it to the public today after hours or on July 17th? One can give the date as to when the 10-K should be file, but does not have to make public of it's extension until the date that they are to make the 10-K public.
The RRG is showing the stock is being bought, let's hope the buys were lower than it's present price, and I will add that it is on an uptrend. I do not believe the earnings will move it, but future expectation will and nice if they come out with future expectation,but I still say it will move between the 22nd and 30th, not 29th.
Stock could hit .0096 today.
Let me add to the 30th. How interesting it will be? It appears as it will enter the cloud and that is when you will start seeing the stock go higher.
My new strategy when buying speculative stocks, I first buy the stock, then I continue buying in small quantity to lower my cost.
I say around the 22nd through the 29th would be interesting. Look at the chart I sent yesterday or today.
July 22nd through the 29th will be interesting!
I have been right about the chart, with this being said, remember this... From July 22nd to the 29th will be interesting.
Sean, I am not interest in minute frames, I look at 3 to 6 months charts.
* Yesterday, they were buying the stock
* It appears as tilting downward, but yesterday, it looks like it is starting to rise.
In my opinion, the 10K will be negative, what will cause an uptrend is good news and if no good news are released expect another month under the cloud.
Open Chart
I stated it for two week and it appears as if I am correct... It will stay under the cloud for one month unless good news comes out.
This just confirms what I previously stated, if no news comes out the stock will stay right beneath the cloud and continue to stay beneath the cloud throughout the month of July, unless good news is released.
Chefphil2012, what happened to you, did you sell and invested in another company fearing you might lose it all in IRNC?
Forget about the earnings on the 10K, I have no doubt that they will post a loss. What is more interesting is good news.
Even though the chart is beneath the cloud, the RRG Relative Strength is above the RRG Mom, a sign of bullish.
If you are referring to the following link
Right now you are probably in the red if you sell, and a percentage of nothing is a figure of speech. Until you start making money you have a percentage of nothing.
It appears that IRNC will stay beneath the cloud for a while. If short continue to borrow shares at these prices it lightly means that the stock price will continue to fall. The only way the price of the stock will rise is with really good news, earnings most likely will be a loss.
Presently, like all shareholders of IRNC, you own a half of million shares of nothing. Same goes with those who invest in penny stocks. But if the price of the stock rises it will be extremely profitable.
Whatever happen to ChefPhil2012, he's been posting so much, but since the 9th he stopped posting, maybe he gave up on the stock.
The most I will invest in penny stocks is $1,000.00. With penny stocks, one invest with the expectation of losing it all, and I recommend, as fast as the price of the stock rises that is how fast you have to sell.
The RRG Relative strength went up today to 102.19 from yesterday, which was about 101, almost equal to the RRG Mom, which is 102.50
It appears that it will move right below the cloud and if it does, unless they come out with good news it will stay a month under the cloud and they will continue to short the stock. Let's hope it enters the cloud with news instead of moving under the cloud.
IRNC... https://newsplanets.us/due-for-a-growthironclad-encryption-corp-otcirnc/
The above link appears to be a copy of something that was posted in the past, but probably with little changes. This post will have no effect on the stock, newsplanets appears to be a site that just copies and paste with little changes.
As we all know, the short sellers make money by betting that the stock they borrow will drop in price. If the stock drops, the short seller buys the borrow shares back at a lower price and returns it to the lender. According with what you provided, it appears that a high percentage of the buying to return the borrow stock back is by the short sellers, but I will add this... the spread being so thin, the short sellers are really taking a big risk being that the price of the stock is so low. In my opinion, he IRNC comes out with good news the shorts will be burnt. Let's not take it away from them if they are smart in shorting, must likely they will not buying it at a time where it might hurt them badly and these two days and next week they will probably short shorting. What is amazing, on July 9th, 90% volume were from the shorts from what you provided.
It will be nice if they come out with news that they will be moving to the Nasdaq. There patents are protected for over 20 years, if their products are demanding they will be taken over.
To my recollection, they have an encryption chip with speed that no one has. I remember when Qualcomm first came out with their chip the stock skyrocketed.
What I like is that the RRG Relative Strength cross the 100 mark, which indicates an uptrend. It is correctly around 101. Good news will get this stock to .10 cents.