Ifinix Corporation (INIX)

[Hammack]

Yo pug I`ll give you my interpretation as long as you accept it as my opinion only.

nobody really knows for sure why the price drops so much. tech speaking. the charts were showing us signs of decline. I like to use the moving averages of 8,34,50. for me those numbers seem to fit well together. On a three month chart we had a very weak buy signal on 11/30 @.013 in antisipation of Network1 comming on board. on 12/01 he did just that sending our stock soaring and confirming our buy with an 8 day moving average crossing the 34 day moving average. using that same method you would see that our 8 day moving average did not cross back over the 34 day until 02/03 for a sell at .029-.03. thats a good profit and gave us a 2 day headstart on huge volume as we declined.

Now how did we get from the top of .045 to the cross over sell. If I look at the RSI 14 I can see a critical point had been reached on 1/15 with an rsi of 70 which IMHO is a caution signal. from there our rsi is in a decline as our stock price hoovers in a range of .037-.041 until the RSI reached 50 on 01/27 for a sell at .034. then we reached the second sell signal of our moving average cross.

There are many other indicators that show signs of decline, I just chose the one I look at first. considering the run we`ve had from the bottom to the top you can`t really blame people for taking a profit. were all here to make money and the charts are begining to show signs of us being at the bottom for a turn around. IMHO now is the time to buy again for a good average. I would be really suprised if the price drops much lower.


Fundamentaly I dont think Ifinx would purchase Beckman Holding for whatever millions of shares then turn around and sell into market driving the price down. It`s not good Bussiness

with revenue comming in from 2 new profit centers and seeing 2nd quarter financials would be our time to fly.