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I think these are often inexperienced traders trying to sell at the ask but using market orders and getting filled at a matching low bid.
Go INIX
Wooh - what just happened?! go INIX
My broker won't even let me put in market orders on pinkies - they are kind of ridiculous and often results in these crazy fluctuations. INIX should bounce right back up though.
INIX back on the 1 hour buzz chart.
That looks like the second part of a 2 million market sell - someone will probably be kicking themselves that half sold @0.0005.
8s up on INIX - hadn't expected that before news
Tomorrow morning would be the perfect time for INIX to put out the follow up PR. I was surprised to see how quickly it moved the last 2 days on relatively low volume. That makes me think it could shoot up pretty rapidly if we get a 100 million volume day. getting up to double zeroes should be well within reach in that scenario.
Your fairy godmother has granted your wish
My original prediction for INIX PR Pt2 was - either this afternoon or tomorrow morning and I'll stick with that.
Was going to suggest that too - but worried people might take it seriously!
It's just about impossible to speculate what the acquisition might actually be - there are so many small companies working in these areas.
Anything which broadens INIX's reach, adds to its profile and/ or increase revenues from the start will be a winner for us.
I think a PR on Thursday (or later tomorrow) could be the best strategy to keep the momentum going into the weekend and beyond.
Buying INIX at these levels looks a pretty good idea to me
Thanks. Looking good to hold this level until we got all the details of our newest acquisition.
Morning guys - how's the level 2 looking at opening?
Agreed. If we can hold at this level until the next PR - 0.001 should definitely be within reach. INIX is delivering - well done Ben.
Ah - thanks for the clarification. I'm one of those who hadn't posted here for a long time but in light of recent developments feel that you can all do with the benefit of my extensive wisdom once more. Good days ahead for INIX.
Is that a good thing for INIX or not? Maybe it's just late but I'm not sure I follow your analogy.
I'd love to see what would happen if INIX had that kind of volume! It might not be far away depending on the news to come.
Thanks for sharing that. I too would hope they will make that official in the next PR. People want assurance that their shares aren't going to be immediately diluted by the new developments. Good to read that you got a quick reply too - this must have been a busy (and exciting ) day everyone connected with INIX.
Think I'll change "sides" for the good of the team then!
Wonder where our resident contrarian is anyway? Bernanke has a knack of bringing a different viewpoint to most posters.
Great - thanks. Hope some of the chick$ managed to do well today.
You did well snagging those really cheap shares this morning - well done. I believe your investment in INIX could reward you richly.
I'm hoping we'll get more information on the nature of the share situation when we get the rest of the contact details in the next few days.
You back in here Spoochy or just "watching" for now?
So - INIX finishes at 0.0007. Nearly 100 million traded and a 75% jump in share price.
Bearing in mind that this is on the back of part one of the news - and we are awaiting the real meat on the bones - that's a pretty good start.
looks like the profit taking might be about done. Obviously a lot of people are holding on thinking that the best is yet to come. Ben seems to have played this nicely for INIX shareholders.
Thanks X.
Let's see a strong finish for INIX to set up for the next part of the news.
Thanks.
How many MMs at 7 now?
Looks like a strong finish for INIX today
There we go - grab all the INIX you can before it blasts off again.
Looks like a stand off situation. Seems that no else wants to sell at this level but those late to the party are still looking for INIX @ cheaper prices. One or two trades will break the deadlock very soon I would think.
Probably to allow the anticipation to rise and the upward momentum to continue. INIX will have been off people's radar until very recently - it's time to get ourselves known again.
I suspect a lot of people missed the initial rush and are trying to get in at lower levels. They may have missed their chance.
From today's PR. More news expected very soon -
Detailed information about the acquisition will be provided in a separate press release in the coming days.
Anyone else notice the choice of phraseology in the news;
Three times in a short PR it mentions first acquisition of 2011. INIX looks like a really good prospect for the year.
Certainly looks like INIX could get up to 0.001 this week. Don't forget this is only part one of the news.
Will probably see a bit of profit taking before the next leg up.
7s printing!
Stacking up nicely - thanks for posting
Thanks - I'd rather drive yours though!
43 million traded so far - in 10 minutes!