Innovation Pharmaceuticals Inc (IPIX)

[muelch]

Volume dried up Friday afternoon. It's possible the majority of short positions were already closed out or that they're disciplined enough to avoid squeezing themselves. I fear that without a catalyst we may never know.

At the risk of turning out to be terrible investment advice, I think that at least the shorting is over for now but it remains to see what level we will recover to.

Even though it may not be best for the long term sp, personally I'd like to see a good catalyst Monday and a short squeeze to artificially inflate the sp even higher for any open short positions to have to cover as high as possible.