PHEI.PK

[Stocky2000]

good post aussietrader!.......there was really no big sell off, a doji formed that could be a reversal bullish sign...and institutional interest increased to 18% yesterday compared to 1 % the last month.

Here an interesting post from internetabyss:

Gap...here it is.


3 days of trading at .10 with 9 million shares traded.

Now we are at .13 let say 15 million shares in new hands long term hands.

The 15 million accounts for shares ranging from .115 -.145

In order for support to hold level of prices so it goes up the gap has to fill so that then new holders wont sell and go long for a gain.

This stock will slowly walk up which is good if left alone. but a big PR comes and it goes up 50 percent then you have the profit taking that leaves Gaps to be filled.

THe only way this will SKY rocket in a weeks time is if this has AWESOME pr...it will reach all time highs and then retrace to somehting resonable.

THe price right now is very low and a good buy But since people fear risk and need more confidence they will slowly walk it up while others AKA daytraders stop flipping it for short term and hold longer believeing in the company and that they hold some-thing that near term may double or triple.

Thats the name of the game here on the OTCBB. Untill everyone is fully on board with a LONG position it will jump up and down. THe companies final performance (JAN 2006) will show if its something to keep under your pillow or cash out.

Until launch and Funding will this stock hold steady climbs IMHO.

Its not the company jacking with the stock price...It is really the bottomline investor, daytraders buying those blocks of 5k-25k that are manipulating it and playing games with the stock.

[David Randolph]

We had a doji candle on IFLB.OB. This means traders are undecided about continuing selling IFLB.OB. Usually indecision precedes a change in short term trend. The stock came to its 61.8% retracement level and closed above the 50% level. This is bullish behavior. I'll keep the stock.

[Stocky2000]

Some news out!


Press Release Source: Infinium Labs


Video Demonstration of Phantom Game Service(TM) Available Online
Thursday June 9, 8:05 am ET


SARASOTA, Fla., June 9 /PRNewswire-FirstCall/ -- Infinium Labs' (OTC Bulletin Board: IFLB - News) president and chief operating officer, Kevin Bachus, is featured in a G4 TV "Attack of the Show" segment and a transcribed interview is available at the G4 TV website.
The "Attack of the Show" featuring Mr. Bachus demonstrating the Phantom Game Service and Phantom Game Receiver can be viewed at http://www.g4tv.com/videos/index.html?video_key=9190 . An interview with Mr. Bachus can be read at http://g4tv.com/attackoftheshow/features/51926/Does_the_Phantom_Live.html .

Mr. Bachus discusses the company's plans to launch the Phantom Game Service(TM) in North America.

About G4

G4 is the only 24/7 television network dedicated to videogames. It features all original programming that covers every aspect of the video game culture - games, gear, gadgets and girls - with live shows, insider information and breaking news. The network is available in 50 million cable and satellite homes nationwide. Headquartered in Los Angeles, G4 is owned by Comcast Corporation. To learn more, log onto http://www.g4tv.com .

[eliteG]

some scattered thoughts(non-technical):

I read the interview and saw the phantom video.  As a speculator, what I believe is that the announcement of when the system will be out will cause a huge runnup in price.  According to the video, that will be within a couple of weeks(to me this means by 6/17).

Also as a speculator I like the actual game service itself.  This would be a very valuable acquisition because it would be easy to integrate into any system...(buyout? Microsoft?)...perhaps that is why the President/COO said that they will announce when X-Box 360 announces.

I was worried about where to put a keyboard and mouse in the living room but they have a realy cool lapboard(I play games and I think this idea is great).  There is no better game control out right now that could compare with a keyboard and mouse duo.

What they need is funding.  I think they will get it, or have it already.

Oh another issue is that a living room game device's greatest fun is in multiplayer games right in the living room with friends.  Computer games mostly do not address this...i wonder how Infinium will combat this...hmm

As a speculator, though, I'm in this play for the intangible possiblilities(excitement, potential). 

 

[fantazia]

Technicals aside,  I agree with you EliteG the excitement potential will be here if they come out with an important PR.  I believe the important factor that will really drive the price higher (if it happens) will be securing funding for the phantom. Judging from the article on G4 TV, COO wants to wait before announcing any lunch date until other pieces of the puzzle progress enough to validate this second lunch attempt and give it credibility.  Funding will be the real driver behind this stock, and I think we are getting close to that time, either way will see what happens. 

Best of luck!

[eliteG]

if the day ends like this...tomorrow has the probability of making a major move.

inside day - candle's range is within the other candles range, also known as Harami (pregnant in japanese i believe)

doji - candle with close and open virtually the same(relative) shows indecision...precedes decision(we are looking for a big upward decision )

check out this new chart, pretty slick huh?

[starfire]

large blocks of trades going thru (250-600K), especially at close for the last few days. I am assuming these are buys as they happen at ASK. Can one conclude this a positive indicator for us to hold on to IFLB???Can one also assume these must be institutional??

PS> I thought the interview with KB was very positive, very forthright and to the point. Impressed, so far!

[eliteG]

hey starfire,

institutions usually dont mess around with OTC market...
a buy at the ask also means someone was offering that stock there...

but you do want people buying at the ask...so I consider that positive.

Also...inside day on tiny volume is followed by expansion.  Look for that tomorrow or the following week.  We may still have a bit more consolidating here.  A lil news...and we're outta here.    I'm giving this one breathing room.

[starfire]

cool! thx for ur response. but yesterday I-Watch did indicate institutional involvement!

[eliteG]

Starfire,

here's a great lesson by David

"«Institutions were the buyers». «There was an institutional seller on the stock».

I have this question: since when the institutions are always right, more, since when did the institutions on average made money? They make money on bull markets, they lose it on bear markets. They underperform the market by all means. Why should I follow their steps?"

I think as traders in the year 2005 we suffer from OVERinformation...cut out the fat...cut out the I-watch, the price prediction sites...focus on what will keep you safe and make you money.

And here's a quote I am famous for...(hehe)... Tonight...Tonight we Feast...tomorrow..tomorrow we Fight!

[starfire]

"«Institutions were the buyers». «There was an institutional seller on the stock»."

very true! i am not a trader but i am trying to be one in the shadow of 3SoF! however i doubt i'll ever the trading skills of some you folks. i am learning! as of today i feel more confortable with mid to long term investments.

But wait i did learn one aspect of trading....
if the stock is at its lows and volume is high (for the last few days) and given the soundness of business, it is worth buying.

mile to go!

[David Randolph]

Another doji on IFLB.OB as indecision mounts. This is not quite an Harami because the candlestick theory cares only about the «body» of a candle (difference between open and close, and ignores the low and the high of the day), so a doji can't be followed by an Harami.

Calling it an inside day is more accurate, because westerns consider the low and the high of the day so the last session on IFLB.OB was an inside day because the day's range was inside the prior day's range.

Decision time is probably coming soon for IFLB.OB, everything is set for it to be bullish.

[darkzx]

Great Forum, Just got in at .125, we'll see if it makes a move on monday.

[eliteG]

I'm lookin for a lil run up by end of day...and then Monday...that could be great 

[eliteG]

SCHB - raising the bid...thats always nice