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BID support is horrible. Usually is with IFXY. Not quite sure why, but a few large buys at/near the ASK should get us over the hump.
What is this 'PR Web' news service all about. A bit fishy none of TCLIF's last 2 press releases have showed up on yahoo, Ihub, or any other finance site/message board that I can find.
I only wish I was smart enough to round up a group of folks to buy and 'hold'. Then of course sell when most are still buying. Although TFL has some good points, his timing is definitely suspect. Welcome to the world of penny stocks!!
I am a bit concerned about this 'new' group of investors. Folks I have 2 suggestions: 1. SPELL check, and 2. DD means read the Ibox, read other posts, read the filings of the company, and google what a float is before you ask certain questions. Let's face facts, most will sell as quick as possible when up say 100-200% (which is fine as they say 'lock in profits' when you can.)
Holding for .20-1.00 with the 'FLD' is a pipe dream. I myself still think .10 is within reach short term. But what do I know. Finally, I have not sold a single share.
That 70% shorted Thursday is crazy! I still believe the bulk of shorting is coming from MM's and not the average investor shorting. With the float this low, how else to explain it?
Strong work CC. I am encouraged by the fact that a good number of us have not given up despite the volatility of the week. Good times are ahead, and I firmly believe a large portion of the float is in strong hands now. On a side note, I e-mailed IR, and requested they use another PR outlet other than Marketwire to communicate with the public. My TD account does not post Marketwire PR's, and I think with all IFXY has going for it, a more 'reputable' PR outlet would be beneficial for all.
Thank you ASK buyer !!
What is the deal here? I realize this is pennyland, and strange things happen. Is it the 2B O/S count scaring people? This isn't a normal dilution, this is management acquiring new companies and getting paid in RESTRICTED shares. Is it a few comments on IHUB that causes panic selling? Very sad on both counts. That's just my 2 cents worth (where IFXY should be as well!)
I'm a 'big name' (LOL), and haven't dumped any shares yet. Something about that nauseating feeling you get watching thousands of $$$ in profit go bye-bye that I must enjoy. I can tell you my price target is not under .02. Let's get this going north again folks.
Thanks for correcting my math. Well if we had a -40% price movement on 14M sells, with this low float, we can easily head the other direction on 14M buys. Long and strong! I'm very curious about the TECO deal.
I'm still here, and all in, but clearly there were only a few serious (i.e. Monk's people and their FLD) investors onboard. There is no way we would be down 40% today if 75% of the FLD didn't sell (that's my uneducated guess). But, on the bright side, this is a legit profitable company that will rebound nicely. Not one of those stink sheet stocks that sit in the cellar for another 6 months then get P&D.
Same here. Still all in!
When the dust settles,
All will be fine as the financials have not changed from the 8-K last week. I'm pretty sure there were a few newbies to this type of trading in the 'FLD' and sold out at first downturn this AM. I have been there myself in my early trading days. This will get back to .02, just may take a couple of days. Then we will be on lookout for more info on these new contracts!
Right On Schedule !!
Good/Great:
- float just a measly 37 million
- 2 new contracts to generate significant revenue I would guess
- 10-k delivered on time as promised
Neutral:
- O/S is 2.8 billion. I've been thinking about this one for awhile now, and realize on paper it doesn't look the greatest, but the fact that the float is basically unchanged, this may be a positive. The bosses have to get paid, and until IFXY is a multi-multi million dollar company, stock compensation is how business is done especially with smaller companies.
Some good PR's (hopefully today to start) would be most beneficial. Remember this is a fully reporting company with legit revenue and technology.
Now I am convinced this is a textbook shakedown. .0148, really? They do this alot with pharm companies right before an FDA decision happens (approval usually). I've seen a stock (POZN) go from $11 to $5 to $11 in literally 2 minutes on approval day. I'm taking this as a GREAT sign !
Amen to that brother. No worries here. Even with the big board stocks, MM's like to shake down and see whose stop loss orders fall prior to a BIG run.
The buys/sells quotes on the trades tab is frequently incorrect. It guesses what column to put the trade in based on price. If someone buys x shares at .018 and the bid is .018, sell .02 then the purchase will end up in the sell column.
Your math is a bit off as the O/S is 155M, the float 35M. Normal P/E calcuations are with O/S figures.
P/E and $1 pps IFXY example:
Some food for thought going into the 10-K. Technology sector P/E average: 17.38, industry P/E average: 30.4 (per yahoo finance).
IFXY:
7,000,000 (est.) earnings
155,000,000 O/S
= .045 pps (7m/155m)
.045 x 17.38 = $0.78 pps
.045 x 30.4 = $1.36 pps
split the difference and you get $1.07 pps. The key here is that we have real revenue unlike most pink sheets who often trade at ridiculous levels and dilute like crazy.
Exactly why we are averaging around 50% shorted shares daily! The MM's now have to borrow (short) in order to fill orders. But times are a changing. I like to compare it to transfering a credit card balance from card to card in order to get the zero % interest rate. Eventually, you run out of cards and have to pay up.
Well stated TFL. As it has been for the past 3 or so trading days, we are in a bit of a holding pattern. Between the MM's borrowing/shorting, and legit sellers, there is just enough to fill orders. Once volume is 25-50 million/day and not 5 million, this will most likely explode. Today's short data was 49% of shares traded. To me this means that there are VERY FEW shares floating around and the MM's are in borrow mode (which is included in the daily short #'s).
As much as I would like to believe we are at 100%, I have a hard time thinking that is the case. But hey, it's working so who cares, right? I think there are those who sold last week and those inflating their share count. But then again some haven't reported their shares and are long and strong. So what do I know? Is it Monday yet?
P/E and $1 pps IFXY example:
Some food for thought going into next week. Technology sector P/E average: 17.38, industry P/E average: 30.4 (per yahoo finance).
IFXY:
7,000,000 (est.) earnings
155,000,000 O/S
= .045 pps (7m/155m)
.045 x 17.38 = $0.78 pps
.045 x 30.4 = $1.36 pps
split the difference and you get $1.07 pps. The key here is that we have real revenue unlike most pink sheets who often trade at ridiculous levels and dilute like crazy.
P/E and $1 pps IFXY example:
Some food for thought going into next week. Technology sector P/E average: 17.38, industry P/E average: 30.4 (per yahoo finance).
IFXY:
7,000,000 (est.) earnings
155,000,000 O/S
= .045 pps (7m/155m)
.045 x 17.38 = $0.78 pps
.045 x 30.4 = $1.36 pps
split the difference and you get $1.07 pps. The key here is that we have real revenue unlike most pink sheets who often trade at ridiculous levels and dilute like crazy.
IFXY Weekend Warriors Unite ! I'm liking this buzz going on all weekend. This should be the second week in a row of green times. I think our big tests come when we're in the red and test support, like Thursday. Higher lows is huge when it comes to medium/long term success.
NASDAQ listing basics:
$1 per share and value of public float (35M in our case) at least 1.1 million. Definitely a realistic goal for IFXY. If that were to happen, sometime in 2011 at the earliest IMO, then look out. A big board listing = big investors and mutual funds getting involved. A NYSE listing is much more challenging.
P/E and $1 pps IFXY example:
Some food for thought going into next week. Technology sector P/E average: 17.38, industry P/E average: 30.4 (per yahoo finance).
IFXY:
7,000,000 (est.) earnings
155,000,000 O/S
= .045 pps (7m/155m)
.045 x 17.38 = $0.78 pps
.045 x 30.4 = $1.36 pps
split the difference and you get $1.07 pps. The key here is that we have real revenue unlike most pink sheets who often trade at ridiculous levels and dilute like crazy.
Yes people will dump after the 10-K and the spike to follow. Then new investors who haven't even heard of IFXY yet will get onboard, buy and hold. Then next thing you know it's Christmas literally and figuratively with a pps of .60-1.00. If you look at similar succesful pennies, there are always pullbacks. The key to slow and steady is higher lows and higher highs which is exactly what IFXY is doing.
I think your math is a bit off. Your P/E only inculdes the float of 69 million where the O/S is 494 million. So 1,000,000 (revenue)/ 494,000,000 is .002 pps. Add a 20x to that and you get .04 pps. I like your thinking, but I'm not sure of any stock whose P/E includes just the float in the calculation.
Daily Short Info:
20100924|IFXY|2736075|4749717|O
That's 58% of the shares traded today! According to my new found hobby of researching short info, it sounds like the MM's are borrowing alot of shares to fill orders (which is part of the 2736075 #). Translated: due to a tight float, they don't have em to sell, so they borrow 'phantom shares' and will soon have to get the shares from us to cover. And that is when the pps skyrockets (i.e. short squeeze). Am I incorrect here? Go IFXY!
Great example of the FLD working!! Your story should be a sticky note as I sensed some odd back and forth bids/asks with today's volume. Just wait till 20 million + shares are traded.
Also with regards to MERGER references going on around the board: Every penny (P&D's usually) has people lighting up the boards with merger talks in hopes to drive the price up. Just afraid too much merger speak here will take away from IFXY's legit business model. This is no ordinary penny.
TGIF, enjoy your weekend everyone.
Here we go. Who is UBSS, haven't seen much of him?
If only we had some volume today... This think would be back to mid 2's. Look at that thing of beauty on the ask.
Long and strong !!!! Hold on tight and come back to these posts in a month or so when we're sitting at .50.
I see some back and forth today with a nice surge towards closing hours to end the trading week. Folks don't want to be left out come next week. Flipping here I feel isn't as easy as with other pennies.
Short Interest Info:
I have been doing some research and it looks like the daily FINRA short data includes both covered (intraday) and open short shares. As our astute group here knows, IFXY has been trading around 35-50% of daily volume as 'short'. Yesterdays count was just under 50%. Not sure what to make of all that, but maybe someone on here could help us out. Perhaps a higher % of short data would indicate that the MM's are forced to cover more shares daily, as there just isn't alot floating around?
20100923|IFXY|6245482|11882815|O
p.s.: for those of you who got a bit nervous yesterday, remember we are still up over 90% for the week with good times ahead
Picked up another whopping 3484 today to bring my total to 324983
This was a bit overbought yesterday, so today's action is not totally unexpected. However, I think we held the support line which is an important test, especially after yesterdays dramatic rise. No worries.
Hold tight peeps!! .03 (which will be here in minutes) will seem cheap in another couple of weeks. $1 is in no way out of the question.
IFXY: 7 million in equity, fully reporting, and a very favorable 10-K due next week. This is a real deal company that acts like it's on the big boards. No P&D here.
This ran from .055 to .59 in about a month last April/May. Thats a 10 fold increase with:
1. a similar share struture as it stands today (no diluting)
2. current stockholders equity of $7,117,377 (8-K just filed) compared to a DEFICIT of $295,319 (10-K period ending 6/30/09). Thats a 25x increase in $$$
3. acquisition of Trimax and the revenue that will follow
4. our band of FLD brothers and sisters
Do your own math folks on what you think the share price should be now... :)
The P/E will be the biggest factor in the short to medium term success of IFXY. I think the 'FLD' is responsible for this steady climb to pennyland +. BUT, when the #'s (10-K) are out, smart and professional investors will buy this up as a no-brainer, great value stock. Just do some research on legit companies (OTCBB,NASDAQ,NYSE listed) and their P/E. $.50 - $1.00 will be a realistic target despite the FLD and who sells/buys/panics.