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I know, the float is MICROSCOPIC. In hindsight BC, had I known what you knew at the PPS a few months ago....I would have tried to buy the entire float myself! Then woohoo, talk about a lock-down.
Still...think we'll do OK :)
Yes, props to BC!! Beach Cracker, your vision is a huge reason we are all here!!
Right CP -- because IFXY operates like a real company....with the 10-K one can actually calculate a viable PE! How many pinkies can you say THAT about!! This is where experience in larger caps may help. I confess I'm relatively new to the penny world but the same abilities that helped me successfully trade big caps will help here.
Good post. The timing of this new stronger money grabbing the reins from the smaller investors couldn't be better. Can't plan something that in advance...just happened that way.
The PPS as the float "unlocks" would be dictated by the same market factors that create stock prices even when not locked. The 'post lock' future could play out in many different ways and is not predictable. And sorry to break the news...our float is not truly locked. It is good for unity to have a group pledge of holding, but the truth is some sold today and some will sell tomorrow. The bigger question is, are there new buyers willing to take their place? When that answer is no, the price obviously will drop until it reaches a price more people want to pay.
Today was a perfect example -- that answer was a resounding YES. And to take that analysis further, it helps to figure out who is still buying (as in what type of investor) and WHY.
I just think many here are too fixated on the float lock aspect. It is great and one the factors creating this perfect storm, but in the end it is still about your evaluation of the company's worth vs the current PPS, your time frame, your tolerance for risk, etc.
Never felt so confident (about not selling) during such a big intra-day move.
Okay fine I just changed the word "weak" to "small" :o)
These small sells will simply get bought by stronger hands:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54667688
Sorry, that is too personal. Many of the shares are "baggin" now though.
Exactly what I was thinking. First, it *is* possible for RSI to dip in/out of the power zone without creating significant PPS drops.
Secondly, IMO these short-term indicators aren't even very important right now. I'm sounding like a broken record here, but a company's' true value must win in the end. We have already seen proof that IFXY is worth MUCH more than .01/share using simple calculations. All one has to do is take off their penny trader hat for a moment.
Flippers tend to look at short-term technicals -- IMO they are really missing the bigger picture here.
....and FLDs are only as effective as the collective will of the people within them. Personally, I don't understand why anyone would sell even one share at this point.
That's the beauty of this one vs. almost any other penny. The underlying movement is based on financials and they don't need to prop it up will a barrage of fluffy PRs!
Whooops forgot the NEVER. Sorry, I think sleep depreciation is catching up to me....so excited to start the trading day that I'm automatically waking up at 3 am even though still tired. It's the only way I can do this successfully and maintain a real career. Would be nice to invest/trade full-time *sigh*.
Yep, with these first bids now raising to .01....as BeachCracker said so well, IFXY will be a sub-penny again.
For better or worse, my gut thinks we are gonna gap this morning. And no Reg60...I won't dump shares to counteract it! :)
Hey how's it going, Masked? Over and out for today....looking forward to tomorrow!
At first I just liked the company as a nice under-value play. Now the more I look at the products themselves the more I like IFXY long and LONG! I actually do have some technical knowledge of how smart meters work and the security challenges that utility companies face regarding wireless communications. People here think PG&E is the one forcing people to get smart meters, but the truth is that it is being driven/mandated by uur state governing board (CPUC). As I wrote earlier I have a few connections there and am willing to personally sell them on Infrax products if necessary!!
Didn't know about their history of filing late. The best predictor of future behavior is past behavior. Thanks cp.
I think IFXY wrote they had to get the 10-K out by the 29th.
A little help please-
That 6 mil intellectual property...how is such a value assessed?. To appear on an 8-K it has to be officially evaluated by a licensing firm, right? Just want to make sure it's not simply a number IFXY thinks it is.
Yes , but click on HDOGTX's profile. He is a major player on iHub and can bring some big buying. Even if they flip, everyone remember tomorrow's move will be based on real financials bringing this stock closer to an accurate valuation. In other words, if we get a big spike and then it starts dropping, don't panic....it should still settle well above the day's opening price.
Trimax was a coup.
Infrax Inc. is carrying quite a bit of bloat though. I'd really like to see some sales projections.
All of Infrax's products look quite impressive! Love the niche they are trying to fill. I have some internal contacts at PG&E - will try to get an idea of what they are currently using .
Hey at least I can sip some fine Chilean wines while I wait for the world-saving breakthrough in energy creation.
Sorry, couldn't resist :) I actually like some of what I see about this investment opportunity.
Ha ha! We are becoming "flipper proof"
For newbies: How to buy "at the ask"
1. Go to http://www.otcmarkets.com/stock/ifxy/quote
2. Find the Ask price column. The lowest offered price is on top
3. In your brokerage account, create a buy limit order @ that price
This does two good things.
* It will probably get your order filled relatively quickly (otherwise, the order can hang forever and expire without getting shares.
* It will help create the uptick needed to immediately get your trade a little bit in the green.
-----------------------------
If a downtick happens shortly afterward, have a little faith! Look at a chart and see how quickly the price recovers.
Put/Call has been dropping over the last few days.
With the high volume dumping this morning, coupled with the steady price action this afternoon, coupled with Dow Theory about to call a buy signal for the overall stock market....I'm back in @ 13.10.
For FLD
I have 4m shares now
Bingo. This retracing is for setting up the close at .01 or above.
Breakout! Breaking penny is one of the most important resistances to overcome, and this stock is going to do it effortlessly.
Okay, yes thanks. Now I see the story under "Business Description". Refocusing or acquiring is one thing....kind of weird to completely change product and industry like that. I'll keep lurking and doing DD for now, and let you guys know if I start a position.
That's what was so surprising about CFL selling -- why now for goodness sake? Perhaps we are all IFXY bulls in a general sense, but each of us will have a subtly different interpretation of events depending on past experiences.
Once I realized the opportunity here, I deliberately bought hard and often for the first few days. The plan was to have enough shares to sell small bits on the way up, yet still have plenty left for the big money (and yes I mean $2+). Being fortunate enough to get in just before last week's move gives me an adequate buffer so I do not have the downside fear others may have.
In contrast, some are playing this more like a lottery ticket; a small initial investment for one huge possible payout. Right off the bat, that means a different sell strategy than mine.
Still, it may not be a bad thing to have a unified group of smaller shareholders acting as one larger shareholder. Even if BC, myself (or whomever) doesn't want to announce all sell prices in advance, it creates an even tighter alignment of people with very similar goals.
Just everyone be careful please. In these kinds of situations it will be very easy for someone to feel "betrayed".... even if the offending action had honest intent - much less dishonest intent.
Okay that all I will say on the matter. Really I have a life....must have developed an iHub addiction. BC, not trying to commandeer your board! I will try not to post so much in the future.
GLTA
While some of these techniques might work in theory... they cannot be perfectly coordinated and executed amongst 50+ traders all with different levels of FUD and trading skill. We'd have to write a computer program and algorithm to take over everyone's IFXY holdings and not let any individual manually override.
I mean just imagine: everyone is pledging undying verbal commitment..."I WILL NOT SELL UNTIL .50". First of all, unlike the tally this price could not be announced on the board because that would give the sharks all they need to screw us. Even with our group, much as I like it....do we really think not a single member, knowing there will be a significant sell-off as soon as the stock touches .50...won't consider selling at .49 to beat the rush?
Anyone can say they would be "in" such an arrangement now. The unanswerable question is, will be that still be true tomorrow and every day after that? You know how pro football coaches like to give a public vote of confidence to their struggling quarterback? They say in a tough strong voice, "he's our guy". Then the player has one more bad game and they are immediately cut or benched! What they mean is, "he's our guy" until he's NOT our guy!
We already seen weak holders in the "FLD group". All of sudden, one of them was out. One thing I understand very well is group dynamics. I am absolutely certain at least a few others would change their mind when the pressure really starts building. And as we've all agreed, this only works if EVERYONE does it.
I don't see any active ticker information showing PYBX is an alt energy company. A previous thread mentions this company went shell then was absorbed by EVXA. If someone could clarify the current situation better, I would like to take a look.
Thanks,
DrZ
Sell the ASK__is what I would add to your post!
There is a unique unity among the shareholders here in that we all seem to be bullish about IFXY for just about any future time frame you could pose. However, because we all have different tolerances for risk, it will be impossible for the entire group to pledge one PPS that everyone can hold no matter what.
All you can do is read the recent thread history and decide for yourself. The majority of traders in the FLD group are smart and experienced. Someone got scared and sold all their shares yesterday but it was not a major amount. While it did kill the day's momo a bit, those shares were quickly absorbed.
The larger shareholders are confident and steady. They are not flipping for beer money. Waiting for a specific price then unloading all shares at once is a poor strategy for anyone that believes in the future of this company. Like me, they are probably setting a staggered series of GTC limit orders with the last tiers asking for ridiculously high prices. I have tried to be a team player by disclosing general intent and strategy, but I will not announce what those specific limit prices are. Besides, they will probably change depending on the content of the 10-K, Again, one can get a pretty good idea by reading and analyzing the thoughts on this board.
BC, I just didn't see your name on the list and wondered why. If this topic was already discussed in an earlier thread, I didn't find it and apologize for bringing it up again. If not, I believe it was a reasonable question to at least ask. One you gave your rationale, I immediately accepted it and thanked you for addressing the mystery.
Force you into the FLD? If you were really thinking that, maybe we need to clear the air. Feel free to PM with contact info.
Best Wishes,
DrZ
Moderator Comments re: trading RINO
This stock can be traded successfully for modest short-term gains.
RINO is a big enough company to be affected my overall market forces (ie. moves with Nasdaq), but not overly so. Some days it moves completely independently of the large market.
Although it has relatively low institutional ownership, I believe it is occasionally but temporarily targeted by large groups of short-sellers. If you keep an eye on the short % and the options futures, it is possible to acquire a feel of when to get in or out.
I have been doing this with success since IPO. I will try to post more predictions demonstrating proof of concept and perhaps attract traders here again!
Seeing the count that way is indeed a little motivating. I very much do my own thing and never intended to be highest holder listed. But after seeing the updates every day I must confess it is hard not to subconsciously think of it like a race...ie. "You'll never catch me, REGULUS!!" (add Gladiator background music) -- all in fun though.
The other side of the coin is: if the stock tanks I'll look like an idiot bagholder, but oh well...
Okay, fair enough. Thanks for addressing my concern.