Ifinix Corporation (INIX)

[forgreen]

Looks like most potential sellers at this price range got churned out of INXR by now. Drying floats often show these big volume drop offs right before the next leg up. Though I think I've explained why so far, here it is in a nutshell -

- Few shares to sell at current bid/ask range >

- Buyers lurking on the bid along with MMs hoping to catch the last remaining cheap shares at support levels >

- And due to this last lurking attempt to catch shares on the bid and not yet hit the ask the volume shuts off temporarily while masking to the uninformed eye the true buying interest on the bid >

- The share price is like the middle of the see saw. There is no real threat of the see saw tipping back to the negative side and it is now perfectly balanced on the support level >

- Then it takes much less for the see saw to now tip to the positive side on the Ask and higher as soon it will become apparent no shares may be available lower

This is the lull before a next step up to higher support. This should have been a very classic example to learn this from and understand a quieting of volume due to lack of selling liquidity is often a strong indicator of hidden strength, support and a prelude to the next leg up.

Therefore it is your choice whether to hope for shares at the bid or pay the Ask. I have many shares so I am there as support now, you dig? But I don't chase the Ask, but if I was building a new position and saw what I see I probably would not be waiting on the stock. It will go higher almost certainly and you would be paying more than 9 per share at that point. 9 in fact is about to become the support that 8 is providing today because we were on the cusp of support between 8 and 9 anyway.

With NITE on the bid at 8 now we may not get any shares there anyway.

Good look everybody