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Navvin1,
And they are being .0021......let's get UBSS off the ask and then we can really move!!!!!
Doogle,
What do you think of an .0022 close today with possibly some news delivered tomorrow or Friday. Do you think an .003 close for the week is out of the question?
Good morning all,
Nice to see us break through UBSS at .0019 with many .002's going off already and an UT on the bid. We may get a boost today as Texasholdem' had been contemplating by all the people exiting ETIM as it seems to be taking a breather in the last few days. Looking forward to the final three trading days of the week and possibly some more news. Have a great day.
Texas,
When I speak of MM's shorting a stock like INXR I do not imply there is a conspiracy theory here. MM's use shorting as a very effective trading practice to make money or to prevent them from losing more money. Right now I believe they are using it to prevent the stock from rising too quickly before they cover previous shorts or until they load up their inventory sufficiently enough for the big run. If you have watched L2 closely over the last few weeks you would have noticed that they DT the share price on much less volume than it takes to get an UT. Tells me volumes of what their intentions are. Like you said though, each his own. Have a great day and in the end INXR longs will prevail.
Tex,
Are you watching the trading? Did you see those huge buys coming through earlier in the day wihout an uptick to .002? Have you paid attention to JK21's recap of L2 @ at the end of each day when the buys far exceed the sells, percentage wise and share volume wise? Those are the ways. Without revenue-generating news the MM's are in control of the share price. Once revenues are being generated by INXR the story changes. Thanks and have a great day.
EDIT: To answer your question more directly it is called shorting.
UBSS should change their pnuemonic to GAMS, LOL! Seriously, it looks as if they are going to hold it down until we get the announcement of the product launch. No matter, as long as they let it trade on its merits then. Have a great day.
I would like to employ a sports analogy to describe what stage we are at in the development of Ifinix as a company and INXR as a stock. The trading of INXR stock currently is like the preseason exhibition games being played by so many MLB teams right now. Without substantive news of the product release, partnerships, audited financials, etc. the market makers are free to employ all of their tactics to scare "rookies" and weak hands into selling there shares of INXR. Once the "regular season" begins and the Ifinix Realtime, Ifinix Trader, etc. are launched, partnerships announced, and audited financials are released that is when the "seasoned veterans" and "prime time players" take a leadership role in taking this stock higher. In my opinion, it is very clear that we have many of those "seasoned veterans" and "prime time players" invested in this stock and we are in for a nice "winning streak" once all the pieces fall into place. Have a great night.
Good morning all,
This slowdown in volume feels like a pause for news, IMHO. Have a great day.
Tradeswapper,
Thanks for your comments. Good to see you checking in on the board this late. Have a great night and enjoy the rest of the weekend.
Veloyt,
Agreed. Thanks for the added points.
Captain Ameritrade,
I agree with most of what you state in that shorting does play a major role in driving the price of most pinksheet and OTCBB down. The fundamental difference between those stocks and INXR is that most of those stocks are crap and INXR is not. Once it becomes clear to MM's that a stock is one of those very rare stocks on the pinkies or OTCBB that is not a total POS, and that it has a real business plan and good management that will see that business plan to fruition, then they will stop shorting it. I believe that is what we have seen this week with INXR coming off the SHO list and the greatly reduced volume. Remember the MM's make money whether it goes up or down. Many traders in the micro-cap arena assume that MM's are holding down a stock by shorting it when, in reality, the stock is a POS and that is why the MM's are shorting it. A classic example is USXP. USXP's CEO constantly is claiming that his stock is being naked shorted meanwhile he continues to increase the OS to the tune of 15 billion last time I checked. USXP consistently loses millions of dollars every quarter. What would make someone want to go long this stock, the 15 billion OS or the millions in losses each quarter? My point is that all MM's care about is making money and if they can do that easier by shorting then so be it. MM's short USXP because it is a POS. But if a stock such as INXR reveals itself to be the "real deal," then they are not going to short the stock for the sake of shorting, especially when it exposes their P&L to catastrophic losses which, in many cases by the way, the individual trader is liable to his firm for. In my opinion, this week's trading has indicated to me that the MM's have become aware of what is coming down INXR's pipe and they have decided, rightly so, to stop shorting the stock. Once significant news hits the wires we will be off to the races in my opinion. Thanks and have a great weekend.
JK21,
Thanks for the stats. Have a great weekend and enjoy the games.
INXR is like an NBA game lately.......you only have to watch the 4th quarter, lol! Have a great day.
With all due respect to everyone who is fine with the one tick a day increase in the share price, I am looking for much more significan moves in the share price in the very near future. Once the product is released I personally am expecting much more dramatic moves than a tick a day and I believe these anticipated bigger moves can be sustained over the long haul due to the fact that INXR would then have significant revenues supporting an elevated share price. A good example of the type of movement we can expect, and some, is ETIM. We can poke fun at the products ETIM sells, but they are apparently selling them like hot cakes which is why the share price has gone up and continued to go up without a significant pull-back. ETIM is doing this all while they have approximate 500 million more shares in the float han INXR does. In addition, I believe that we will be generating more revenue through subscriptions to the trading platform than ETIM does through selling urns and caskets. I am not frustrated I am just stating this because I believe a lot of people on the board are giving the impression that INXR can only attain and sustain an increased share price through gradual upticks, and it is my opinion that once the product is released, partnerships announced, and the uplisting is completed we could move higher very rapidly and stay there.
This is strictly my opinion and this post is not directed at any particular individuals on the board. Thanks and have a great day.
Doogle,
I am right there with you buddy. I check out the L2 during the day but as many of us longs who are confident that this will eventually surpass where ETIM is, I no longer stress over every tick. I am looking forward to pennies in the weeks and months to come. Have a great night.
Trop,
While I would love to agree with your prediction of .0023 I believe we will only be able to attain .0019 or .002 at best, unless we get more news which is substantive. In the case of news .0023 or more is attainable. Have a great night.
RickInv,
Agreed. It won't be long until we get some extreme buying pressure from the announcement of the product launch, TV ads, relese of audited financials, and finally uplisting to the OTCBB. We will have the last laugh in this scenario. Have a great night.
gwikley,
I read those trades as buys that the MM's held up from the tape until after hours to give the illusion of less buying pressure during normal trading hours. Just one of their many tricks. My sister is an MM in the OTCBB and I love her to death but when we get to talking about trading practices I want to choke her, lol. Have a great day.
MM's just posted another 5.89 million share after hours trade (print). These guys have no conscience and someone was talking about the morality of painting the tape the other day.....please. They printed a total of almost 16 million shares after the bell that went off at the ask today. That is 1/3 of the normal trading hours volume printed after the bell and people are worried about what is moral and what isn't in pinky land. Painting the tape is one of the only weapons we have against their immoral and possibly illegal trading practices. We should all have a can of paint and a brush ready at all times. Have a great day and looking forward to tomorrow and next week.
With a little bit of buying presure ABLE will bump up his ask but the real trick will be to get BRGE to uptick. I have a feeling that we will get the uptick to .0019 at the ask but the bid will stay at .0017 and trades will continue to go off at .0018 to hide the action. Hve agreat day.
I wonder how many .018's are going to have to go off before we get an uptick. As always, I guess we are on the MM's schedule. Maybe we can sneak an uptick in once the tournament games start in a half hour or so, LOL. Have a great day.
Nice analysis JK21
Good morning all,
It sure would be nice to see UBSS off the ask. Where is this guy getting all these shares. Certainly wouldn't be very bright to be shorting with the launch of the trading platform "imminent." I would love to see these guys take a major hit to their P&L. Have a great day.
Mr. Stoned 14 Year Old,
You are going to have to do better than that if you think you are going to scare people out of their shares. Most on this board have done enough due diligence to know that this could be the best opportunity to profit off of a penny that has ever been presented to them so why don't you just run along and find another sandbox to play in.
JK21,
Well done. Thanks and enjoy your weekend.
Stox,
Scott Moore is not a member of Senior management other than temporarily acting as CFO for the purpose of getting the financials audited. I believe it is purely a temporary appointment so that he can get their financial "house" in order. Have a great weekend.
JK21,
That is correct about UBSS. Actually, on an unsolicited stock all MM's should only be representing orders but unfortunately that is not always the case. Thanks and have a great weekend.
Likewise Doogle.
Steve,
He is definitely the one dictating the action right now.
Doogle and Steve,
That sense of an impending move next week is the reason why I anticipate a mini-run this afternoon to .0017 perhaps on a rush of people looking to get in before the announcement of more significant company developments next week, IMHO. In addition, we have seen in the recent past how INXR tends to move a bit on Fridays, especially in the PM. Thanks and have a great day.
Spread just tightened up, bid UT. Coud be set up for a mini-run this afternoon. Have a great day.
Bizzy,
No problem. Sorry, too cheap to spring for the membership at least until we hit .05 with INXR. Have a great night and see you in the morning.
Frankiefingers,
It will be nice to see two aspects of the add changed in the near future....."coming soon" and INXR.PK......have a great night.
Booger,
Very nice analysis. You get a mark for that one. Have a great night.
YT PRL,
I love the use of the bright colors as they tend to draw your eye to the ad along with the flashes changing from frame to frame. All in all a great start to the ad campaign. Have a great night.
Ciaobaby,
That was pretty clever. Let's hope the INXR story plays out somewhat similarly to your skit. Have a great night.
Coolbill,
I, as well as others, have stated many times on this board there are other trading platforms over the past few years, in particular CyberCorp which was bought by Schwab for $488 million in 2000 (see link at bottom of page), which were valued for much more than $150 million. Based on even 2 billion shares outstanding and assigning a value of $400 million for the Ifinix platform we get a 0.20 "book value" for INXR. You could be right in that we may never see $1 but we certainly can attain a share price in the range of 0.20-0.50 when you facto in future growth and momentum, IMHO. Have a great night.
http://www.marketwatch.com/discussions/msgReader.asp?siteId=mktw&parentId=2&forumId=7&bo...
Investor100,
Where on Bloomberg do you see the ad. I just scanned the site rather quickly but couldn't find it. Thanks and have a great day.
Qtipjoe,
I couldn't agree with you more. I have many millions of shares, all purchased at the ask. Call me stupid for buying at the ask but if we all did it I am sure we would be closer to .005 rather than .0014. Have a great day.
Bizzy,
In my opinion there is a good chance we get some more news tomorrow based on the every other day theory so we may be up tomorrow even if it is only for the two hours preceeding the PR release followed by more MM games, LOL. They will get what is coming to them in the end and even if they don't, we certainly will get what is coming to us......BIG GAINS. Have a great day.