3SOF

Testing  the 9ema (0.12) in a continuation flag pattern, not the time to sell. IMHO.
Mike

I can be wrong, but I've been on Decembers move, and what I feel is this is normal.

You have a 50% up move with 15M shares last Friday.
So theres a lot of short term gainers and short term losers in the play. Gainers are afraid of loosing their profits, and losers are afraid of a bigger loss.

been there & done that 

Once you have some cleaning around the house, this stock may start a similar move. the signal is triggered... but only the strong and believers will take profit of it.

I'll sell IFLB above $0.40 or below $0.09.... not in the middle.

I really like the historical analysis Rogue Trader.

I think we also have some support here, lets see how the day ends.

Lets not forget that there was near 15 million in Volume on Friday, 10 million on Monday.  This pullback is very light.

I also have a feeling, as I am watching level II, that SCHB(SCHWAB), is accumulating.  Anyone else have any thoughts?

IFLB.OB is pulling back from the big white candle's close. It failed to cross $0.155 on the short term so we have a correction from that 44% advance day. Volume has been decreasing on the pullback which is a mildly bullish signal.

The thing that will tell us if this stock has legs to push higher or not is the magnitude of the pullback. Fibonacci retracement levels can help us with that. So, if the stock retraces just 50% of the prior move it is because the move was genuine, it had a fundamental motive attached to it. If IFLB.OB closes below the 50% retracement level (at about $0.125) I must conclude the white candle day was just a speculative spike and the stock will continue sleeping.

Some important news from May:

Phantom Game Receiver Ranked Among Top 25 of 2005 by Maxim Magazine
SARASOTA, Fla., May 3 /PRNewswire-FirstCall/ -- The Phantom Game Receiver from Infinium Labs (OTC Bulle-tin Board: IFLB) was ranked in "Top Gear: The Top 25 of 2005" in the May issue of Maxim magazine, the #1 men's lifestyle magazine in the nation, with a circulation of over 2.5 million per month. The Phantom was ranked alongside such industry giants as Sony, Verizon Wireless and Pioneer Electronics.
"Gamester's Paradise. Buying new games used to require a car and a nearby game store. Infinium's Phantom game receiver skips the middle by connecting to your TV and downloading the goods directly via broadband. And, unlike at the neighborhood game shop, you can demo titles from your armchair before buying." ... Maxim, May 2005 (http://www.maximonline.com)

SARASOTA, Fla., May 18 /PRNewswire-FirstCall/ -- Infinium Labs (OTC:IFLB) (BULLE-TIN BOARD: IFLB) today announced its promotion of Andrew Schneider to Senior Vice President of Marketing and Distribution. Schneider will draw from his leadership experience in both fields to build a solid marketing basis and retail distribution network to launch the Infinium Labs' Phantom Game Service(TM) in North America.
"Andrew has the talent needed to streamline our business practices," said Kevin Bachus, Infi-nium Labs' president and Chief Operating Officer. "His skills and leadership will provide a more integrated approach to the marketplace, maximizing opportunities for our channel part-ners and creating a seamless brand experience for our customers."
Schneider previously served as Infinium's Senior Vice President of Marketing. Prior to joi-ning Infinium Labs, Schneider was senior vice president/general manager of the Media Soft-ware and Services group at Sony Pictures Digital, where he established a No. 1 market share position in the audio creation and video editing categories for award-winning Sony products. Schneider also served as senior vice president of broadband content for Sony Pictures Digital, developing original entertainment content and online destinations across multiple digital plat-forms.
Establishing himself as an early pioneer of the digital industry, in 1994, working as senior producer for NBC Network Marketing, Schneider was responsible for leading the most re-cognizable television brand and its advertising partners into the digital age by producing NBC Online on AOL, NBC.com and NBC SuperNet on MSN.
Schneider received a master of professional studies degree in interactive telecommunications from New York University and a bachelor's degree from the State University of New York, New Paltz.

Volume after 25min 73400 shares....are the mm doing some manipulation to get cheap shares...?

MM's are afraid !
Afraid of making market for this stock above $0.50

60 min chart...support

Some vol starting to come in made it back to HOD 0.13c bidding up

weak hands are out we are up 0.138 ++ (i hope)

It looks like something is happening... the pattern is changing...

what we need here is some news...meanwhile IFLB is holding

60 min chart update

It is interesting !!!

http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=IFLB

A few posts ago I mentioned that IFLB was setting up a continuation flag supported by the 9ema. This daily chart shows what I mean by that. Now generally this is a very bullish continuation signal and I expect IFLB to resolve out the flag upwards. This is not a guarantee just a signal, which keeps me in the trade.
Mike

  It is very interesting watching you analyse this stock and stating your opinion.
   I dont understand the candles and flags etc but as long as you include your thoughts about where the stock may be going i am happy.  My take on IFLB is that it is the napster of video games with the subscription service plan. Is this a fair assumption?