Correct!!!
Even most big board stocks are better to flip up or down rather than hold for the long term. I have flipped a couple pennies already this year. The market is full of emotion. The key is buy when everyone is scared together and sell when everyone is happy together. You basically have to play the opposite emotion. I by no means do this for a living, but I have made money by doing this. I also play technicals which work more times than not!!
I still play for the long term on some companies, and INIX is one of them. Yes I cannot trade right now since I still have not opened an ICAP Account and only have TD. Yes I am down right now with my millions at an average buy in of .0012, but I still like the position we are sitting at. Even though I believe Ben is dumping shares which the last PR stated this as I have said before, I truly believe he will spend this cash for the very right reasons. Marketing and advertising, paying the DTCC fees, etc.
I believe they will increase futures and forex which is their core division IMO, I have had numerous aggressive calls trying to get me to sign up. They are making pretty solid revenues with these fairly new subsidiaries. The potential IMO is still very real for positive cash flow, and when this happens I believe you will see a quick change in the PPS. At this point I will probably flip some, but I will also keep most of them for the long haul as I have stated before.
Ultimately we will have more basis on what is going on with year end financials and 1st quarter financials. They will probably still be negative like most have posted in the past, but they are working very hard to get business flowing. I know they are sweating in this process and working long hours to make this happen. Some of the calls to me have been at night and that shows they are making extra efforts.
Hopefully I can average down to the trips 00's with the shares I will pickup later this month.
LTI
