This is a classic pull back pending expected news. Huge buying & buyers came in on Monday, knowing we have something big to be announced. Plus Q3 coming soon enough. We could see the move back up, hours before the PR hits, or minutes before. Either way, this will pop big again.
It could fade back even more as some will get impatient. As you see, today has been very low volume compared to Monday with some people taking a small loss if they bought just over .01 and some still taking profits from .0025 & below. But I see this activity as most are hanging on for the next move to .02 and higher.
It's highly unlikely 'ANY' retail trader has taken a short position on any sub-penny stock or any stock below $5. The only possibility would be that a big money guy, that works for a firm that allows shorting on 'any' stock, has taken a short position here. But that would be plain stupid if they did. Remember, a stock can only lose 100% of it's current value and go to 0, with the opportunity to profit only that 100%, where as a long position, a stock can go up by an unlimited amount, where you can make thousands of percent. Shorting IFSL is extremely HIGH risk at this point and anyone doing so will be taking tiny profits, or, most likely, taking HUGE losses.
The 60 minute chart is at a point where we need the price to hold above .0076 and close over .0085 today & tomorrow. Then it will go one way or the other. I tend to think it will run back up even if news doesn't hit today, Thurs, or Friday. It will come, that's for sure. Just a matter of when. Then we'll see .02 or more.
See ya all later.
Erik
