IFN - Infigen Energy

[kermit345]

Starting to get ridiculous - the next question is when to get off the IFN train? Sitting on 65% profit now but just worry how much further can it realistically go?

 

[pixel]

Starting to get ridiculous - the next question is when to get off the IFN train? Sitting on 65% profit now but just worry how much further can it realistically go?

Why get off at all while the trend remains this strong?



If I were on a gravy train like this, I'd set a trailing Stop, steadily rising, and let that tell me when to exit.
As none of the pullbacks has exceeded 10% off the top, that might be a reasonable trail percentage.

 

[Wysiwyg]

I completely agree with you, tech. Nothing exciting going on in either the weekly or daily chart in my opinion. I am curious to see if kid is still in, or out of IFN.

Some data since stopping volume bar ...
# bars = 55
Price range low to high = 72c to 82.5c
Below average volume bars = 76%

Intermediate range low to high = 73c to 77.5c
# bars within range = 28
Below average volume bars = 85%

So low volume majority of the time while price ranges. Some activity in range pushed price higher but no follow through activity. More a demand, time in trade and business outlook (blow wind blow) issue than supply in my subjective opinion.

 

[Wysiwyg]

Starting to get ridiculous - the next question is when to get off the IFN train? Sitting on 65% profit now but just worry how much further can it realistically go?

Looks like Kermy nailed the top. Post 6/9/2016 = 1.205 / All time high = 1.210

 

[Cam019]

So low volume majority of the time while price ranges. Some activity in range pushed price higher but no follow through activity. More a demand, time in trade and business outlook (blow wind blow) issue than supply in my subjective opinion.

Time in trade is definitely the issue here due to capital being tied up in a ranging stock when there are other stocks forming nice continuation patterns. Supply will be the issue if IFN were to break to the upside.

Bearish continuation: descending triangle in a down trending stock. Could be in for a breakout to the downside.

 

[Wysiwyg]

Surely the coming months will produce more wind and power. The prevailing southerlies building up to Summer. Monthly reporting will show this. Another stock with record no trend period. Only 2,191,622 shares short sold or 0.229 %.

 

[notting]

As good as it gets for a technical bounce backed by market enthusiasms for today's report.
Weekly chart says the most -

 

[greggles]

IFN bouncing back today, up 10% to 66c as I type this. I'm posting a two year chart to offer some perspective on the company's share price history. Clearly, it's been a difficult couple of years.

On 10 April the company released a monthly production report which showed that March 2018 was 29% better than March 2017 and that FY18 generation will outstrip that of FY17 with three months left to go. On that basis, revenue should improve.

Technically, the company has had a lot of difficulty breaking through 70c in the last six months, so that may prove to be a barrier again.

 

[roland]

I'm still holding!

I can see my last post from a couple of years ago and thought I would provide an update. Took a ton of profit when it peaked at $1.20 and left some on the table. After 7 years of pig headed determination I am now up 157%. Now just waiting for the dividends to come back. Average is now $0.28 Hope others that held are in the same boat.

 

[Joe Blow]

I can see my last post from a couple of years ago and thought I would provide an update.

Welcome back Roland! Nice to see you again.

 

[roland]

Welcome back Roland! Nice to see you again.

cheers

I spent 3 years with Moltley Fool and sat quietly with building dividend returns - career changes and some health issues helped to keep me away. MF in the past week have fallen foul of their members and have stopped interacting causing a member exodus. I've suggested they all follow me as I go back to ASF at least for the forum interaction). Hence here I am - thanks for the welcome home....

 

[Joe Blow]

MF in the past week have fallen foul of their members and have stopped interacting causing a member exodus. I've suggested they all follow me as I go back to ASF at least for the forum interaction). Hence here I am - thanks for the welcome home....

I noticed some traffic coming in from MF today. I didn't even know they had a forum. Well thanks for throwing up a link to ASF and for posting in some stock threads here. Things have been a bit slow around here lately so it's a case of the more posts the better.

Anyway, no need to take this thread any further off-topic. Great to see you back, and keep posting.

 

[roland]

Here is a 10 year graph of my pain with this bugger of a stock, buy/sell/buy/sell/average down etc - then the final big sell 5.5 years later. Talk about holding a grudge! I'm even amazed at how patiently I waited. In the end I made a motza! Picked the top as well

 

[Ann]

Thought I would have a look at some of the "green" stocks. The AFR has a section in its stock lists called Ind. Power and Renewable Electricity Producers. So far there are 11 stocks listed, this is one of them. It is my thought that some of these ETFs might begin to build a 'green' focused product. Some of these are sure to make the funds.
This has had a roller coaster ride over the years but it not a re-born mining, tech or health stock.

I thought I would look at it through an EquiVolume chart. This shows the price level where there is high volumes which may offer selling pressure on a price rise. It looks like potential selling pressure between 0.61 and 0.66. It looks like it may successfully break out of its falling overhead resistance line. It has a short term rising support which it has been sitting on. It is still under its 200dsma but above its 21dsma (not shown).

 

[Boggo]

Ann may have been on to something with IFN.
It's been flatlining on the weekly but the latest report has triggered it. (I now hold as of this morning)

(Weekly chart - click to expand)

 

[tech/a]

Bolting away Boggo.

Managed to get on at 58 average.
54.c Initially then 61 Today.

Had a great consolidation pattern followed by a strong break out.

 

[Boggo]

Bolting away Boggo.

Managed to get on at 58 average.
54.c Initially then 61 Today.

Had a great consolidation pattern followed by a strong break out.

Yes, when they appear in the weekly scan and instantly pass the eyeball test you just have to get on board.

 

[peter2]

Since the last post price continued higher until the corona selloff 2020. Since the selloff price has rallied a little.

Finally, another company has made a takeover offer for IFN. I've been waiting for this since the Babcock and Brown days. IFN was formerly BBW (Babcock and Brown Wind).

UAC intends to make an all cash takeover bid of 0.80 per IFN stapled security.

 

[Dona Ferentes]

and is currently at 81c. This may imply some consider a second higher bid might be in the wind?

 

[qldfrog]

one of my nice daily system find...