Innovation Pharmaceuticals Inc (IPIX)

[monkeyplay1]

FYI, this is not short covering in my experience. Normally, when MM sensed a short covering showing up, the bid/ask spread would be at least 1% of the stock price for those sp bellow $30. Because MM understand shorties are the most loyal buyers when time is right, much more loyal than Noretreat.

For CTIX, if the b/a spread is more that 4c, I'll say it could be either short covering or the MM see order unbalance largely tilting to buying. This is the second time I checked b/a this morning. The b/s is just 1~2c apart.

So next time don't complain MM's 100 share b/a in either direction, all he wants is trading actions.

As a matter of fact, I hoped we have many more Mr. Ben Shallow stay with us.