GW... INMG is at present both a position players trade and an accumulators play, and as long as the two co-exist this should hold a range. contrary to the wives tales so many offer as lore, MM's do very little in the way of naked shorting. this is the day of the fast chip and most MM trading is done with algo's, which allows them to wash a range with both buys and sells. what shorting there is is usually done with covering shares.
the key to the buying and trading of any stock is in the volume. no long can ever have the wherewithal to continually add on -- there's comes a point where there just isn't enough available money to keep buying -- and then, when the longs don't put enough shares back in to the market, they tend to make a stock illiquid, and illiquid stocks will almost always trend downward, no matter how gentle the slope. fortunately there's been enough volume in the stock for traders to roll some shares back and forth, and this give and take keeps the stock active as well as playing in to the hands of the accumulators. you can't buy what's not available.
as far as my chart rendering is concerned, sans a catalyst -- news, promo, sector, whatever -- i suspect this will channel churn for a few more weeks (if not months.) after this first ran to .032, it took it more than 3 months to finish out the correction and return to over .03.
having written all that, it seems to me patience is the key to this play, and volume is the key to any run.
best of trading to ya'
rich
