Thank you. I got the paid membership over 2 months ago I think and I have been only an iHub lurker. I guess I can be motivated to contribute sometimes and I did here because INXR has caught my attention as a play that just might be a very powerful climber. That came from watching the trading and decided this was trading in patterns I've seen before when a sub-penny builds upon its first gains on a solid dollar volume plateau that takes out the early pumpers and hay riders.
Another billion or so in volume the rest of this week and we are looking at a completely new shareholder base averaged in at .0008 to .0012 which is already a radical step in the right direction.
Consolidation can happen at any price, but it is easier for a super sub-penny this low to consolidate a new base hundreds of percent points above the price when a first run began. If you see that what you may get is something different than the 3 day run up and dump. The guys who bought or followed in at .0002 don't give a dang about what happens next. And I don't care about them either. The irony is they may have flipped the switch, but sometimes the story marches on after they turn their lights out and move on to the next hustle. That is just fine with me.
We had them in here, but they are mostly gone already and now you have the fence sitters who don't know if they can hold and could sell from nerves or the rules based subpenny traders who will exit at any moment based on a single technical trigger signal.
I can guarantee you there were hundreds of technical traders who stopped themselves out of some of the biggest subpenny runs in the past and they will probably say that is cool if they made money and followed their rules. But such traders are not the rule themselves, they just follow some rules.
Once those guys are out and you have churned multiples above the starting point you could have a solid shareholder base that holds for more than a double from .001. Some will then take profits too and achieve free shares and you can expect that. And you should set some goals for yourself too if you want to achieve a free share position.
At this point whether we have half a billion in volume is no longer such a big deal because you can see movement on much less as the float tightens up again. I did not mind the dip today. I watched the times and sales and it was easy to see how the market makers would step back and let the person selling their load at .0009 to .0006 hit the bid. Why shouldn't the MMs pull the chair out and test the bid? That's sort of their job right? They tested it and many buys of half a million to 10 million lots came in to buy at the ask on the dip. We printed .0008 I think but the times and sales up to the close were predominatly strong buys at .0009.
Sure, it is a billion and half share OS, but if you keep having days where the profiteers get taken out, then every 10M shares accumulated grows in significant and a cash accumulation and distribution basis. You trade one third of the OS 2 days in a row like we did Friday and Monday and you've already rotated the majority of the key sellers out. Some will tease and suggest the new buyers are bagholders while some of the buyers will have enough confidence to build very big positions and ignore that kind of talk. Its speculative after all, so what.
In situations like these if this stock later goes up to half a cent or to whole pennies, there will have been a number of buyers at current prices who accumulated 50-100M share positions sitting on hugely profitable free share positions worth hundreds of thousands of dollars each. Stocks like IBZT made some people very rich. People familiar with these historically know it happens and may know people who did it.
These guys who load big time and hold considerable amounts have bigger stones than the pumpers who triggered the volume to get this started. But if those guys want to risk $50,000 to $100,000 on a play like this, know that they have probably done it multiple times and they rarely initiate these moves, they look for various story factors and volume and price action before they move in. The subpenny gorillas are the ones you want to see after the content-free pumpers have finished their rah rah routine and bailed.
No offense to those who bought at .0002 and sold at .0008. Congratulations. But I'm talking size. People who really load. The tape definitely shows some of them have arrived and as word gets around we might see plenty more clicks of multi-million plus share buys at current and higher prices. After a while you'll dominate even a billion share stock's float at sub-penny levels so keep watching this for what I'm describing.
Nobody can guarantee anything but it does look like it has already begun here just when most of these spikes really fall apart and I don't see that now. I studied the volume and distribution prior to Friday and we should be just about done with the bulk of those who bought that low. The rest who hold free shares are potentially along for a bigger ride yet. The gist is you want those big kahunas coming here now and I see some footprints. I've bought my share and there are others though they are strangers to me as I'm solo.
My description is not trade advice whatsoever, but may suggest how these things play out to the continued upside sometimes. I think this just might be one of those that really take off only after the original flippers, nervous nellies and impatient traders get taken out. Volume like this and a very interesting chart should draw continued interest. I'm in and ready to handle the bumps to see if my observations continue to pan out over a greater period of time.
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