Target swing trader, never ever day trade. Option spreads or micro stocks.
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I think it can be more toward the old highs of $0.80. But I think it is a year out for this to mature.
John said last Feb. there would be some selling and it would go flat for a while before accumulation into strong hands. He was right and it took both longer to start back up and a lower base that it fell into..
Cost averaging worked for me..
Got a lot here now and as stated many times will get a little off the table at target minimum of $0.10 .
This stock with a little patience from here can change ones future. Anything under a penny in the next few years will look like a gift. The stock needs investors people..... Not a bus load of flippers looking for $25 profit on a nightly swing.
Chill out and let the calander make you money. Hold this one a while.
Saying you are not going to buy a penny stock until they have earnings and profit is very funny. When they have this, they are not penny plays any more.
This one has a good chance of hitting old highs within a year. That's a chance you take somewhere when it's setting in the septic tank as it has been lately... I have not sold any but have more than doubled my holding in IGEX. Yesterday and today probably was up 50% on total cost. Will sell some at the $0.10 price I thought would be in July this year which may be a few months later than I originally forecasted.
John has the plan.. I have talked with him about other revenue streams that will work but his focus is on their baby FX system I guess.... I'll sell 3 to 5M in a few months and the rest will just set on for a few years to see if it really has legs to walk on. The big play for this one is in the near term. Flipping this is purely stupid from my point of view.
Get it and hold it or stay away. And do as I do... Look at it every few weeks, not every few minutes.
Trunk, not as confident as I was, but that does not leave me selling here. I see lot more reason for PR machine to crank up here now..
The bad news is out.. You'd be really unwise to short here.
I was looking for a cheap new block or two but have been too busy this week to watch.
My take is this... John has better than 200 million shares. There is a agenda here for him starting a company that has value enough for him to sell into.. It has not happened so the game is still on...
Timing is irrelevant as long as price objective is the goal.
So I'll get a few M more down here somewhere and if it's a year not a big deal... The target for me is dependent on what the company's progress is and trying to figure when John sees value enough to start selling. That will be after big and group PR and promo...
So till then...... It's a penny stock.. That is the credence and the character I give it.. Let it mature or let it die a natural death. It's not my golden calf and should be no ones so I'm not going to idolize anything about it....
I'll try to stay in the shadows and watch.... Good luck on investing to all.
Good, bad, ugly, at least the filing came out.... We know the share count.... Good.
Bad, revenues are slower than thought. Ugly, that $3M needs to represent infastructure costs that become part of continual revenue stream.
John, dang it... I told you how to have this puppie to profitability in 6 months with annual recurring revenues and you sent back some crap about "send me 100 facts"..... I gave you sources and numbers.. You still pushing the rock up hill when you could be doing both business plans at the same time...
Yes John, I would still be Business Dev Mgr for this and still be stock based proformance only and if you keep the share count under 500M, I'll not take anything until stock price is .25 .
You have the Jakardian banking relationships already, the rest is two US Banking/ USTreasury forms to legalize the offshore account for the business partners..... Yes you should have 500,000 partners in a year... If you read this look up the EMail and call me back....
It's a penny stock... And the story goes on..
Get a bucket and some rags... John's baby just puked..
It ain't going to quads though or it would have got there today... Somebody gathered a pile of those shares and handed them off to another MM. Share count for the day AH shows 28M traded..
Surely there was a "T" or late trade posted....
OK John, what the heck is going on? Thought this was had a better chance.. But it is still a penny stock and it's starting to act like one...
I'm gone for the trading day tomorrow but I'll try to gather some on Monday...
I wasn't gonna sell mine anyway for a while.... Y'all do what ya have to do..
Yep, the 25% commission on the trade profit if the multiplier was used is IGEX's. The thing is the platform and the bond for the multiplier part of the trade is IGEX but they use another company to brokerage the trade as far as I know..
Years ago I SOES traded with Block Trading, but Block used Pension to clear their trades.. IGEX is way to small and illiquid to handle the trade.
I think when ETrade started they used Pension also.
Not familiar with the FX trading companies, platforms or who the contra would be placing a trade like this...
The last thing I need is 24 hour trading...
At Myrtle Beach, reading but not following much this week. Will be back in Cherokee For weekend WSOP tournaments.....
We will start up soon.. I'm still a dime in July targeted but that is when promo starts. Be there with an armload of shares at that time...
The big players (FX brokerage institutions) are warming up to IGEX. Not seeing them as a threat for the client but as an entry level trainer to Forex trading.
The good trader can start with IGEX but as they gain capital and learn more astute trading the last thing they need to do is stay there. Why stay there and pay higher commission than other FX brokers....
This is putting in the company in a good niche. New traders are not intimated, knowing they can "graduate" to a higher level of profit with a fully capitalized account elsewhere.
As I read yesterday... IGEX is kinda in the trainer niche by their self rather in the full competition with all brokerage companies. This was expressed as a positive in getting clients now they will have to coo those clients as they get bigger accounts with some other products or get in to some brokerage of their own rather than just a trading shell working with actual brokerage company...
Pretty interesting.... Plenty of interest from clients but are they making money trading the platform?????
Penny flippers that didn't get rich today...... So they sold..
Good to get them gone". Good to have shares to grab cheap.
No volume... No real movement". No trend change.....
It will start its move...
John said cash flow positive by end of Q 2. We are in Q 2 now."
I think they are running ahead of number of clients but not sure of profitability of the clients.
Waiting on next few PRs....
I'm figuring in about 75 days this will be .10 . Yes that's 10 cents...
When it starts it's climb the discipline is going to be hard not to sell... You need to think long term on IGEX. Quit the scalping crap that nets you a tank of gas or even a steak supper....
Let John and crew prove this rollout has legs and can create a customer base that does create revenues.
Again you're not gonna get rich here tomorrow or next week but to get a position here sub penny in time will probably be a story you will tell for a long time....
Did get 250k more about 30 minutes before close.... @ .0022 .
It ain't for sale.
I'll wait... This will go from a first inning stock to the more mature in a few more months.
I think we are/were diluted. As soon as that $500k credit/loan facility was put out in mid March the stock started getting hit with some incoming shares. The news release calls it investment funds but to me it is the bonding pool. If the credit line was secured it is with stock. That to me looks like where this is coming from.. Unrestricted so they threw some in....
That being said, if revenues are growing the stock can handle this easily if it's 200 to 500 million shares. The $500k backs up the trades and is ongoing bond/insurance against the potential trader loss beyond a negative balance in a persons account. Somebody somewhere has to back the negative elements of the trades.
I don't think anyone can grow a company with 300M shares and we know there are way more than 75M in the float.
I still think there is really good potential to get this off the ground and running with good revenue growth and it may not happen without skinning a knee a time or two.. That's where we are at now I think..
I'm a believer the trading parameters took a hit in March or John would have followed up on the % gains he had been putting out the three months prior.
My target is .10 in July.. Still my target.... This is not a trading stock... John has 200M shares and he is not wanting to or needing to sell these at sub penny prices..
After cash flow positive news, then we get a very big PR campaign, then the stock will find both traders and investors......the price will hold and not be a two day spike... Somewhere down the road this stock could see $.50 - $1.00 . No its not next week or next month but down the road...
So, for me 700M shares is no big deal and I think that's where we are at.. It almost has to be to get the guarantee to back the trades with this risk.
I bot 500K more at the close yesterday @ .002 ... I have a lot of this and will have more if it trades this low again next week. Avg now .0035. Your DD can and will make you money... But it's not without risk.
got a feeling today is gonna suck.
Pretty good load stacked to sell but nobody bidding to buy... If they go across and dump we will have price cavitation again today.
Lower lows ain't a good thing... But penny traders are so fickle they won't stay. And it's Friday, many clear out for the week.
Not pessimistic , just realistic.
If they throw in today at lunch hour like yesterday there is no bids there to hold it up. They will get new lows. And in a hurry.
Pulled my order. Check tonight with charts I guess.
ETrade still showing 470k to sell... Somebody buy at ask 110k. And the ask stays 470k...
The seller is still in the house and not posting the offer.... They will sell more. Gonna leave my buy for 1m @ .0015 setting there a few more minutes but not going to stay long...
Figure they will dump more right after lunch and cannot see how much or who is throwing.....
If you are not interested in buying low and waiting for the stock to mature.... SELL.
SELL now. Get out of your fear and misery. Pennies are notorious for being flipper city because everybody wants to get rich tomorrow. The ETrade seller today killed the momentum in this stock. 5M shares he was staging to sell. And he finally dumped it.
Maybe he had it at .0016 from a few weeks ago and made some profit. Good trade if he made money. But I doubt it....
This stock will probably trade like this several more times before it's mature enough to get over a penny and hold it....
Sell and move on if you're not willing to hang... You're just stressing yourself out..
News will come within a few months but let me offer you this, I don't think huge moving news is coming tomorrow... Far as that goes tomorrow probably will be a new low. .000000001 .
Right now it's traded about $2400 total dollar volume today... (Vol 1.1 million.)
But it's dropped the market price of share by almost 30%.
It is really ignorant trading idiots that try to sell into thin air with no liquidity. Stop losses getting took out now...
Looks like the sellers are lining up... May be gonna get a plunge.
I might get to buy at. .0015 after while...
"Sell Mortimer!!!, sell sell sell!!!." I'll take some below here.
Couple of buys off the ask first thing but the ETrade seller shows 5 million to sell. The good thing is this is some retail trader just moving on, so it means nothing. That vol will suppress price until it gets absorbed. I'll still take a few M @ .0015 if he is desperate to dump.
No news yet.
John does not want trading phobia on this until it is where the trades are accumulation I believe so if you buy it be prepared to hold for a few more months...
When it starts moving it should be because of real revenues and not poopoo fluff and the gains should stay and grow not being just pump and dump for the last man out to turn out the lights...
Long, bidding (cheap) , and will hold this thru July at the earliest... Target is minimum .10 for that time.... Then I think the big PR money is spent to give both attention and price appreciation.
I did not see any trades but my internet was down most of the day from before lunch till just now I got it to reboot. Wet weather or too many people tax filing I guess.
Checked all news find nothing..... See nothing saying halted.. Beats me.
Maybe they sold the company for .25 cents per share........... Or maybe they all got put in jail.......
Maybe nobody gives a crap about IGEX today...
Still the pinched BB says dynamic move setting up....
Look at BB pinch here ..... Either going to .0000 or .025 pretty soon.
Watching a standoff at the OK Corral going on here today... No buyers.... No sellers... The pin is about to be pulled on this hand grenade.
OK John O'Shea news day is here... What you got.
Do not have a sell order in here below a dime or you may get snookered some morning soon.
If it's not .10 in July I'll be surprised. There is plenty going on here. I personally think John does not want this to be played with until it's ripe enough.
There is plenty of shares allocated for promo when the right milestones are obtained and the PPS is high enough to get adequate value from them
If they did it now it could shoot up but in a month would be back down because people don't want to wait on results. When the results are happening as promo garners attention share price will stay up and they can meet it with continued growth news.
We're still pretty early on this one.
Somebody trying to sell 5M shares @ .104 c. That's over a dime.. Hope he gets to sell there today... I think that's the July price myself.
When you buy the bottom of a chart you need to sell towards the top of the next chart validated move......... Not the next five micro ticks.
Getting in this here is like getting in CPQ in about 1978 @ $2 1/8 .
You will rethink a million times.... Why you flipped this for gas money?
Park it.. Put a sell in on partial order to get your cost out somewhere near a dime.. Quit watching every tick. The chart will tell you that story without second quessing and without emotion.
You are early... So am I... Good lunch and off to doctors office...
More new posters...... A better chart setup..... The important thing to me is we are right now in the 2nd Q. At the end of this Q we should be at considerably better PPS with good news on growth. Then the promo.
I know pennies are flipper city.. Put this one away or you will take a few bucks profit and never want to get back in because you probably won't see the price you exited again.
It is coming off a horribly oversold compression and should easily stay on a decent run for a week or so....especially with news overdue... We could get a big event any day this Quarter that helps...
Hard not to sell when you're looking at green but I feel if you can trap this under even .01 and sit on it, it will be one you talk about the rest of your investing life. Don't do the all in thing... Do your DD... Be patient as we are early... But as was said earlier, why wait and buy this for a .10 in a few months..
Pegaso, re my target of .10.
From what I got from John some weeks back is after news on being cash flow positive confirmation (which should be by the end of Q 2 of this year ..this was in earlier PR also) the PPS should reflect positive news. Then they would use some allocated shares for PR to get noticed.
Study the names behind this company. This is not their first rodeo.
Study the chart, look left about 24 months.
If the stock is around .10 as it should be showing growth and they use up to the 20M shares at that time to get noticed IGEX could easily get to previous highs.
Principles here are not looking for a nickel in a month when they are only 6 months from the possibility of being significant stock share appreciation.
This stock as it stands right now to me is not a trade. Stick a few million of these away for a few months. At below a penny right now this is the best bet in the house. Look at the pick up in posts in the last few days. People are going to scratch what itches and it looks to me from activity it is starting to pick up a tad.
Many are watching this and it may be a race to get in under a few cents after the next news release.
Study .... Your DD required.. I'm long so I'm biased, but there is a reason.. Very patiently greedy.
100 day chart look great for a prolonged turn north soon. Stochastic and MACD, fast Stochastic, today my histogram even wants or will try to penetrate midline.
Looks easy to .0083 ish - .0091 ish..
This thing is suffering from news drought but I think is not a sell anywhere below .10 or till Second Q is announced.
Last thing it needs is a flipper convention for micro tics like it's getting again today. Have fun with it, if you're trying to buy a good dinner.
I'll wait for big promo in the summer. 20M shares allotted for promo at appx .10 a share will be a $2M promo I figure.
Your money, your DD, but if you always do what you've done you're always gonna get what you've always got.
What sewer says is they can't make any revenues with FX trading in Indonesia. Well he may be right but most likely he is wrong.
They are already getting out of the first inning and as John says will be cash flow positive in Q2.
The stock is surely an ugly mutt right now but believe it or not it does have people watching it and will board when the trend changes.
The stock can get to over a dollar if and when the revenues mature...
Is John capable? Not looking like thru the stock price right now is it?
The logic I use in holding this stock is I will give it at least a year.. Parked 2.25M @ avg .004125 . If I can get another few M at .0015 I will get more but not sure it hits there.
I think it will see .10 in July but it's around that time I feel the real promo on this company takes effect. That means the July PPS is not a sell point.
Your DD cause it's your money. I'm usually early but don't mind waiting. You play it your way...
Added some Friday... Wife in hospital so I'll watch it maybe by end of week...
At .0015 if it lands there I'll go for 2m more. Thinking news day is Wed.. After tomorrow they will know the new % that the trading platform carried for month of March..
This thing needs news... 9 days ago it was 10x higher than today and we had decent news that started the breakdown..
If you believe... Stay... If you don't believe in them, their business, or the way pennies trade, you get in such a pinch it becomes agony... Get out.
I'm usually early so this is mine till July and I'll probably have more by then....
This one is not cursed for good because you bought some and it did not immediately run up.
Look at the big picture. They are building revenues now under new business model, then some profitability, and THEN will spend money doing a good PR blitz.
We should be several months in my view before this one gets more than a meager play by a trading room here and there.
When they get good news that is strong enough The PR group will have enough money to get the synchronized all aboard blitz that will make your wait worth the dormant time spent. As always there is one bottom tick in here somewhere and I personally will not spend the time searching for it...
Buy the dang thing in parcels to get a position.... Watch it once or twice a day if you got time ... Let it get a little more mature, then as it starts up ..... Sell your cost basis back out of it... After a major run when it breaks under its 8 day MAvg... Sell some and lock some profit...
Stop watching for a few micro ticks to sell into.. The people getting in this are looking way more this.
My opinion only ... Do as you feel you need to do..
Yep, forgot they start do start marketing in April. Thanks
Got 600k more at .0025 .
I'm not a trader in this one. I believe John and crew will get this as they say cash flow positive in a few months and then spend some good PR money to get PPS to more adequate posture. These guys have a ton of stock and it's not in their best interest to sell it until it gets way above this level.
Minimum a dime soon (several months).
It's one big news announcement from jumping back to 10x where it is now and I don't want to chase it.
I'm sure they will do a end of month PR on % gain of the FX proprietary trading system. So if it trades below here big friggin deal. If it trades higher big deal...not a sell yet. This one in my opinion is not ripe for the picking until a huge coming push ...
Friday ..... The weekly traders will dump again this evening.
This may not be pretty.
And another thing, today's volume is about 1/2 the total volume since it broke below .005 last week. One more big buying squirt makes me feel the broken chart was an aberration typical in penny stocks.
It's momentum or nothing in pennies.
I'd say its trading up in front of imminent news. But what the heck do I know.
I'm long at .00505 and waiting on .10 in July.
Looks about 20 million shares traded in the last 4 days. This is one strong day of buying to recover but it doesn't need to be a BMM volume generated uptrend.... I'd feel better about good solid news driven uptrend myself.
Really don't watch it during the day but if they let it falter much longer even news won't move it.
It's a penny stock what's new. But I still think after good news come about July it could see a dime.
Hopefully the ones that had never heard of IGEX and bought on the King Kong mega alert have puked up the last of the shares they got stuck with.
Get in unmolested stocks before this type whiplash takes place. It always screws up a chart....the instant overbought followed by horrible oversold condition.
I didn't watch it today but did see the close on a chart. Maybe it now can resume the normal vol and north x northwest it had started before the raid.
I have no doubt this goes a lot higher but I'm in the July 2015 camp myself. When certain criteria are obtained I think the stock will get a mega push. That is why is a hold..
The people in this stock big are not here for 3 pennies.. Look left on the chart. 2 years to the left... Yup... Wait on it...
John said prove I had the numbers on the 15million online players Give him 100 facts.
I told him to search " how many online poker players were there". ... That would take him to numerous media articles (Barron's , Newsweek, Forbes, etc). All the numbers are published there some stating 20 million.
To go to Poker Players Alliance website. The numbers are there and in depth discussions on how the UIGEA law pertains to FDIC regulated U.S. Banks. PPA has mega details ... Card Chat also has more..
If they (IGEX) want a instant growing company this could be huge. I personally would love to play again and a $50 fee and a few dollars a month bank fee is no obstacle.
This law is getting amended in several states right now that have gaming. I think NJ and Nevada how online approved but from other states it is not yet legal to fund an account in other states to play from those states.
500-750 thousand of the 15 million ex players coming on @ $50 annual service account fee is well over $25M profit annually.
IGEX guys aren't going to NOT give this a look as they are already strong ties with banking from Indonesia. Still gray area is the assurance that the outgoing to, and the incoming from off shore bank is reported per US Banking and Treasury laws.
Send them your thoughts.
For my comments on poker playing I am referring to poker tournament play. Poker tournaments for a pool prize should have a totally different classification than poker in general.
Pool prizes in any skill contest have no difference from another. Golfing, sailing, racing, horse shoe pitching, contests with a prize is not and will never be illegal.
Elmag, to answer your question..... .
We have made contact with John several times and told him since he has relationships with Jakardian banks to set up a liaison with them and players here to those banks ( or a bank) there that would handle a private account for a person wanting to play.
It would be service fee applicable annually to IGEX and probably have a small monthly fee from the bank there.
After funding that account (which is legal for anyone to have an offshore account) then you could fund one of the poker sites, party poker- pokerstars from it which is also legal there. If you won or needed to withdraw and repatriate money back to US there is a tax form coming back with it to make it legal.
The Unlawful Internet Gaming Enforcement Act in 2009 states it is unlawful for a US bank to fund the sites for a person because of tax evasion and laundering.
It is legal to fund the offshore account but there again the bank files a form with the US Treasury so both outgoing and incoming funds are tracked.
It is not illegal to play on these sites but the funding was/is the problem.
The two questions that remain would be would a player here have to hit a internet server offshore to play (which is very easy to access), and would the player have to have a physical address from somewhere else, (nothing a group time share on a single residence couldn't accomplish.
No we don't have all the answers yet... some 15 million players were shut out and many are willing to pay the $50 service fee to get findable access to do so...
I told him if only 5% of those shutout came on board that is 700K x $50 annual fee each so the expense to set this up and confirm no laws were being violated would be amortized quickly.
If they pull this off its a several dollar PPS on IGEX in short time... If they would announce the process of trying to set it up it would go to .50 .
If you are a old poker player and what this to happen hit John on his E-mail.... I gave him the numbers and reference places to get more than basic information... If you are long the stock hit him also...you need this to happen...
Max pain for any sellers today... Volume diminished.
Today was add to day.
I have 2M. @ .00504 avg..
Will sell some of this in a few months....bash the position if u want to. ..
There is a very huge opportunity for IGEX for appx 15 million ex internet poker players.
John knows about this and when they start dialogue on it this will be .10 the first day. That is my opinion and I am positioned as such. Your due diligence is required but use your head people..