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Too bad they don't walk it up like they walked it down. During the free fall the last few days we would get DT'ed very easily but UBSS doesn't care to grant us that luxury on the way up yet. I agree with Dwiz that all UBSS was doing was covering the last few days and by how urgently he dropped the price to cover makes me think we are all in for a nice ride back up very shortly. .002 is going to be a drop in the bucket once we get our product released, IMHO.
Makesumgravy,
Not me pal. I am holding long and strong for the ride up to pennies once we get the news we expect. Unfortunately, I am tapped out on excess funds or I would be buying like a madman. All this dip has done for me is help me to get things done (by not watching L2 all day) in my other money-making enterprises. By the way, I love the art at the bottom of your posts, really cool. I was in Freeport, Grand Bahama on business over a year ago and had the chance to see the ghost ship from Pirates of the Caribbean in person. What a sight. Have a great night.
Possible client in India for Ifinix's product? Took this off Bloomberg.
JM Financial Seeks to Buy Brokerage After Morgan Stanley Split
By Sumit Sharma
March 28 (Bloomberg) -- JM Financial Ltd., Morgan Stanley's former partner in India, may buy a local brokerage to rebuild the equity sales and research teams it sold to the New York investment bank, director Vishal Kampani said.
``We will look at acquisitions in the broking space,'' Kampani, 30, said in an interview in Mumbai. ``You need research capability to generate new ideas for domestic funds, ideas for hedge funds, ideas for institutional clients.''
Kampani last month helped his father Nimesh negotiate the breakup with Morgan Stanley, the world's second-biggest securities firm. The U.S. bank acquired the equity sales, trading and research teams from the venture for $425 million.
JM retained the retail, investment banking and fixed-income units that generated 45 percent of revenue and a client list including Reliance Industries Ltd. and three-quarters of India's top 100 companies. By going alone, JM may struggle to meet its biggest clients' appetite for funds and financial services as Indian companies embark on record stock sales and acquisitions.
``If you are not a global institution, where you can access capital from across the world, you are handicapped,'' Ravi Menon, investment banking co-head at HSBC Securities & Capital Markets Ltd., said in Mumbai. ``But I see no reason why you can't have Indian MNC banks the way you have Indian MNC companies,'' he said, referring to multinational companies. ``Of course, it will take time.'' Morgan Stanley joined Goldman Sachs and Merrill Lynch & Co. in winding down their joint ventures in India, where a stock- market rally helped lift share sales to an all-time high last year and propelled a record $35 billion of announced takeovers so far this year.
``The important things is that if all big names in the world are coming to this country, then there is obviously a strong business case to be here,'' said HSBC's Menon.
Hiring Plans
JM Financial plans to hire at least 30 research analysts over the next 12 months, Kampani said. Other banks are building their teams, increasing competition for analysts and traders. BNP Paribas SA on March 13 said it will spend $46 million to buy a 27 percent stake in Kochi, India-based brokerage Geojit Financial Services Ltd., to gain clients in Asia's fourth-largest economy.
``You can't cover 300 stocks in one year and if you buy something you have coverage right there,'' Vishal Kampani said. ``Equity research is the core and any organization we acquire will have to have strong equity research.''
Top Position
From April 1999 until the Feb. 22 announcement of the split JM Morgan Stanley led in India with 84 mergers and acquisitions worth $32.7 billion and a market share of 22.8 percent, compared with UBS AG's 17 deals for $32.5 billion and 22.7 percent share, according to data compiled by Bloomberg.
``JM has the strength of its local relationships,'' said Jayesh Desai, a national director at Ernst & Young based in New Delhi. ``If you are a Morgan Stanley affiliate, it comes to you on a platter. Similarly, from a Morgan Stanley perspective, relationships came on a platter from JM.''
The company helped the billionaire Ambani brothers split their businesses, with the elder Mukesh keeping Reliance Industries, and the younger Anil, Reliance Energy Ltd. It was the financial adviser for Novelis Inc. during the aluminum-sheet maker's acquisition by Hindalco Industries Ltd.
For the duration of the seven-year partnership, JM Morgan Stanley ranked second as an underwriter, with a 15.7 percent share after Merrill Lynch, helping arrange $5.69 billion from 53 share sales, according to data compiled by Bloomberg. It helped Oil & Natural Gas Corp. raise $789 million selling shares in 2004, ICICI Bank Ltd. sell $810 million of shares in 2005, and Tata Consultancy Services collect $390 million from its initial public offering in 2004.
Offshore Partner
JM Financial will look for alliances from overseas banks to get a share of growing offshore deals, Kampani said. The Mumbai- based securities firm will look at region-specific alliances in Europe, Asia and North America, he said.
``The obvious challenge is that the larger deals from India are increasingly cross border, and the sourcing ability to do cross-border deals gets restricted,'' said Desai. ``As the universe starts expanding and India gets increasingly linked it will become increasingly important to have your linkages. That clearly is going to be an area of concern for them.'' Morgan Stanley, which formed two joint ventures with JM Financial in April 1999, ended the alliance to develop its own ``full-service India operation,'' Hans Schuettler, Morgan Stanley Asia's chief executive, said on Feb. 22.
``Capital markets are going to change much more in the next 10 years than in the previous decade'' said Kampani.
JM Financial Chairman Nimesh Kampani is a member of Bloomberg's Asia-Pacific advisory board of executives
lburr2,
Thanks. Nothing management has publicly stated in the past has turned out to be false so I tend to believe this could be the case. Have a gret night.
Mimurray,
Thanks for the response. You are right, I do get great service from Schwab and I am glad to hear you feel the same about Scottrade. Once I do hit my exit point on INXR, which won't be until multiple pennies, I will be comfortable selling at the ask in million share clips. Thanks again and have a great night.
Al44 & Tex,
Thanks for your responses. I greatly appreciate it. Now, if I may indulge myself in a little reading between the lines of some of our recent press releases. From the March 5, 2007 PR, "In the coming month, iFinix will broadcast its first television commercials with run commitments on major financial channels such as Bloomberg and CNBC currently under consideration." From today's PR, "In the second phase of the marketing program, to be announced after the launch, the company will air television commercials to demonstrate the program's features for day traders and securities firms."
Now, you will notice that in the first PR management states that we will see our first TV commercials within a month of March 5. In today's PR it states we will see our first TV commercials after the product launch. What this means to me is that unless management has recently (in the last few weeks) decided to move back the airing of TV commercials, then we should see the product launch sometime between now and April 5, probably sooner, and the TV commercials to follow shortly thereafter. Again, this is just reading between the lines by cross-referencing PR's and all IMHO. Thanks and have a great night.
Mimurray,
Schwab only allows you to purchase 999,999 shaes at a time. What brokers allow you to purchase millions, please. Thanks and have a great night.
DWIZ,
I know Ron Schwartz and we won't get anywhere with him, even if he does take the call. Have a great night.
Frankie,
It must be us Ft. Lauderdale guys bacuae I registered too but didn't get an e-mail. Have a great day.
SWFfileman,
That is good to hear. I personally would appreciate any new info you could dig up. Thanks and have a great night.
JTMarlin,
I am holding through the turbulence as well so I will be a fool with you. Our day is coming and as you say once we get the PR's that we expect we will look like the smart ones. I have a very strong stomach. Have great night.
JK21,
How's it going in NYC today? Warming up yet? The ask is getting hit nicely again now and today's action and absence of an uptick by UBSS on the ask just provides further proof that Friday's walkdown was a calculated plan by the MM's, especially UBSS. Have a great day.
Mr. Magic,
Thanks for the info. Glad to see you coming aboard. Have a great day.
ETIM,
We'll be fine. I am convinced this is just MM's setting themselves up to make some cha-ching on the big run we all expect. We just need a little time for them their house in order and then a nice PR and we re off to the races. Thanks and have a great day.
Some nice buying pressure coming in now. We should get an UT on the ask here shortly, although it seems they don't come as easily as DT's. The mm's are apparently going to play with this until we get some major news. Have a great day.
I guess UBSS is not done with his games since as soon as he did arrive we started to get much more volume to the down side.
Good morning all,
Has anyone else noticed it looks like the clown from UBSS has slept in. He is neither on the bid nor the ask. That's strange considering he was the main culprit in bringing the price down Friday and was on both the bid and the ask all day. His absence is the reason why he volume is so low so far today in my opinion. You can almost hear the float tightening up, lol. Have a great day.
Tex,
I am with you on that one. I think the odds are in our favor. This week should be very interesting and I believe Friday's action may have served to take the ceiling out for INXR whatever the reasons for its occurence. Have a great night.
Writon,
Right on. I am with you. I will be making an investment in my investment by purchasing the platform as well. If the majority of the poster on this board subscribe to Ifinix's product we will be off to a good start in obtaining the type of revenues needed to get this stock moving. We could have a week's worth of trading like this past Friday's and I still wouldn't sell my shares because I know what I m holding and apparently so do the MM's which is why they employed manipulation. Enjoy the rest of your weekend.
Xeller8,
If you knew the definition of the word "IMMINENT" you would know that the release will come a lot sooner than July as you theorize. I am starting to get the feeling you are a wolf in sheep's clothing.
Navvin,
Very well said. There is no reason for anyone who bought into INXR thinking it is a great opportunity to make some serious money to change their mind. As a matter of fact, as JK21's breakdown supports, today's action serves as confirmation to me that we have something special here. Why else would the MM's be dropping the price when there was so much buying going off at the ask? To cover and accumulate so they can make a killing on the coming run sparked by the tidal wave of substantive news on its way. As someone else on the board stated earlier, many times you see this type of pullback immediately prior to major news and a big run. I agree 100% with that statement. Once INXR issues the announcement of the product launch I gaurantee you won't see much shorting going on. Not when broker deals, audited financials, TV commercials, print ads, possible articles about the technology in major publications (Stern was a past editor of Forbes magazine), possible institutional investors (Stern again), OTCBB uplisting, possible acquisition by R & B, launching of Fastfix, etc. All of these developments are evidence of a company that will experience incredible growth in the next 6-12 months. Market makers are greedy, not stupid. It is evident to me that they realized today what INXR has in store for the investing public in the next few weeks, and they have decided to jump on board, but they first had to even out their old positions. In my opinion this time next week we will all be enjoying one of the greatest weeks we have had yet investing in INXR and the best part about it is that we will only be getting started. Have a great weekend.
iFinix Corporation Commences Ad Campaign and Product Branding Strategy
iFinix Corp. (PINKSHEETS: INXR) announced today the launch of an extended advertising campaign designed to build brand awareness of the iFinix suite of financial products.
The company has in place a three tier advertising strategy that begins this week with web advertisement placements on key financial websites addressing the audiences of active traders and the larger investor community. Some placements will run for up to one year and include designated web page sponsorships by iFinix.
In the months that follow, advertising on additional financial web portals plus the internet sites of national and international financial publications will continue to expand the exposure of the iFinix suite of products including iFinix RealTime, iFinix Trader and eFinix to a wider demographic as each product is publicly released.
In the coming month, iFinix will broadcast its first television commercials with run commitments on major financial channels such as Bloomberg and CNBC currently under consideration. The third tier of the advertising program will be print ads in key financial publications. The print component is slated for regular ad placements after product releases and is intended to solidify and build upon consumer awareness initially built up via web and television advertisements.
Designed to support a long-running campaign, the thematic concept chosen by iFinix for the multiple television spots is considered by the company ideal for generating numerous, ongoing versions of a single identifiable and memorable presentation style that will be firmly associated with the iFinix brand.
The above is from the PR of March 5 2007. The television ads are going to air very, very soon and along with the release of Ifinix Realtime they will create such momentum that the only thing the MM's could do is join us long. In my opinion, what we saw in today's trading action is the beginnings of the MM's aligning themselves with the INXR longs. Have a great weekend and a better next week.
JK21,
No problem. Thanks for your efforts with the numbers everyday. Just look at the volume going off at the ask in the last five minutes without an uptick and you get a good idea of what transpired all day.
JK21,
Just a shake before the news hits so they can close out their shorts. The majority of the action at the ask with very small volume hitting the bid and giving them an excuse to downtick. Nothing to worry about. Enjoy your weekend.
Jaime,
Unbelieveable isn't it. That's ok, the MM's can have their way with the share price today and we'll have ours next week and the next three months. Have a great weekend.
TYGRE,
I agree wholeheartedly. Have a great weekend.
Amazing how much volume going off at the ask and yet no UT or a quick UT only to downtick on insignificant volume. What a joke. Our day is coming and they know it. Clean up those positions boys and jump in with the longs because of you don't the impending news is going to steamroll you. That means you UBSS.
MOMO,
More shaking going on here today than a Friday night in Hoboken, LOL. I wish I had some more ammo as I wouldn't be surprised if they closed us even or down a tick. Have a great weekend.
By the way the MM's are playing with INXR today makes me think we will have huge week ahead of us next week. What I would consider to be a huge week would be the announcement of product launch early in the week followed by the airing of the first TV commercials later in the week. This is nothing but a shake so the MM's can even out their positions or go long INXR before the big runs begin, in my opinion. Its actually a very good sign to me. Have a great weekend everyone.
Sugarhill,
Just speculation on my part. Thanks and have a great day.
Possible pre-news shake? Have a great day.
Doogle,
Thanks for all the info on Stern. Seems like we have a very well connected firm working on our behalf. How great would it be to see an article in Forbes written about Ifinix's new trading platform? Just wishing. Have a great day and thanks again.
Tradeswapper,
I like deep benches especially Carolina's. Better yet deep pockets which is hopefully what we will all have here shortly if we hold for the INXR story to play out. Thanks and have a great day.
Doogle,
Thanks. Looks like a lot of accumulation between the bid and the ask this morning. Perhaps they will let it move up a little this afternoon. Have a great day.
Cardvic,
Thanks. In my opinion this is the type of stock that can get you the "finer things in life" if you let the story play out.
As I said earlier, I am in for pennies. How many pennies I don't know yet but I have a feeling it could be double digit pennies. Thanks again and have a great night.
I would also just like to say thanks to Tradeswapper for running a great board. Swapper we saw that you got a little frustrated with some posters today (uh, yesterday) but I just want to say that your efforts are appreciated by most, if not all, on the board. I do not think those weeeeeeeeesels, jk, meant any disrespect. I just think that when some people are making money in the market their emotions get the best of them. I would hate to think that we could loose you leadership and superior analysis over a few silly comments. Thanks again.
Over the last few weeks I have seen many people on this board state they would prefer a nice orderly rise, perhaps a tick a day. I have to admit that if that were to occur, as it has in the last week or so, I would be and am quite happy, as I am making thousands per week. My question to the board then is how will peoples' opinions of INXR short term future change once we get the announcement of the product launch and the share price rises much more rapidly than one or two ticks a day. Will they sell most of their shares in anticipation of a pullback and then look for a good re-entry point lower than where they sold or will they hold on for more of the story to unfold and greater gains. I raise this question because after reading hundreds, if not thousands, of posts of INXR shareholders who I believe are competent and market savvy, I get the impression that many of those same people don't really believe that if INXR was to go on an incredible run in a very short period of time that it could hold those gains. I truly believe that even if INXR made a significant move (pennies), based on substantive news, that we could hold those gains and continue upwards because we are at the beginning of an incredible cycle of news in which investors will always be looking to the next development in the corporate maturation of INXR. I do not mean to step on anyone's toes with this post, nor is this an attempt to pump, I am merely taking a moment to acknowledge that while there is a great risk associated with investing in a pink sheet stock there is also great reward when you invest in a stock that just happens to be on the pink sheets. Thanks and have a great night.
Lexey,
Yes it does make sense. The more MM's on the bid the more buying pressure is being exerted by MM's thereby pushing up the price. It would be the same as a line of retail buyers lining up on the ask.
Lexey,
Perhaps I can help you understand. The key lies in remembering that when we are buying the MM's are selling and vice versa. That being said, when we are selling at the bid, MM's are buying at the bid. When we are buying at the ask, MM's are selling at the ask. Hope this helps, have a great day.
Nice to see some bid UT coming out of the perilous lunchtime trading period. Could be an indication that the MM's want to take it higher, perhaps even a .0022 close. Have a great day.