I have a feeling we are going to see a lot of that 6 million dollars in revenues come in around the same quarter. By the way that brings to mind another question I would like to have BC ask on Friday. Just remember, patience is important. We know from the low volume that the company is not selling shares and even though the short selling is usually a very high percentage of the daily traded share count, the number of short shares themselves are very low. Much too low to be short selling based on a toxic finance deal. BGOI, and HLXW are great examples of what toxic finance short selling is all about. Actually, I kind of like these very low volume days. If we traded like this for a few weeks, I wouldn't mind it at all. Many day traders get frustrated by days like this and start to move on and lose track of our little company for a while, then when good news comes out, people get surprised and rush back in and we get some excitement. I love how tight of a band we traded in today. Plus, look at the amount of shares that were traded short yesterday and then today. What a testament to the short supply of shares. All good news if you ask me. This tells me that not to many people are getting too discouraged.
20101118|IFXY|130000|239200|O 54.35%
20101117|IFXY|787762|984922|O 79.98%
Look at how short selling volume dropped significantly after it didn't work that well yesterday. Tried again today with no luck and stopped. Will probably try another feeler tomorrow. Plus, the Bid moved up two ticks where it stayed all day at 0.0058. Hopefully we continue to see this short trading volume stay low in this price range. From what I have seen this past week, whoever it is that is short selling, be it MM's or someone else, the low volume tells me our short seller has very little confidence in being able to short the price lower and still make a profit. Our short seller doesn't seem to think this company is a good triple zero play or our short seller would have continued to press the issue and our volume would still be up. So it is obvious to me anyway that our short sell doesn't have the balls to continue to press much lower in significant volume. I know I wouldn't, not when any day the company could start the day off with good news and screw you.
Well, do what you must, but the low trading in my book is an excellent indicator that even our short traders think this company has a chance. If they believed it didn't, we would have been shorted into near triple zeroes by now.
Plus, so much of the float is held by a few individuals that seem to be diehards, for good reason, which makes it hard to cover. Especially when one or two of these diehards a week are still willing to buy more shares. The best part is it seems like it is a different one each week. A good strong group here, and that is why the volume is so low this week. Even though we are off most people’s radar at the moment, current owners know the value and are holding on for dear life. Keep up the good work everyone.
