Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

I think a retail investor is accumulating - they wait till there's a reasonable amount at the ask that they can see on level 2, then enter a buy - just now, probably a 10K buy at 2.35 and it took out all of the 2.33, 2.34 and 2.35 and left it with 4.8K to go on the 2.35

I say retail because he doesn't always get the whole amount filled so he must be going by what he sees on Level 2 - if it was a fund they would be seeing level 3 which shows everything available - also seems he's trying to minimize the # of commissions - he'll probably sit at 2.35 till he's filled there then wait for a gathering on the ask and put in a new bid

All a guess of course - but been going on for 2 days like that, probably someone that was at the conference