Intellipharmaceutics International Inc. (IPCI)

[fabius]

I'm not sure of what it is going on; what I can tell from the numbers is that (on a net basis)

- there was no short covering during the spike (which means as some of us have been saying that probably the major part of shorts were open around 4$); so we need to pass 4$ to see a huge accelaration

- we hadn't an increase of shorting (position based)


My idea is that the stock is being controlled by the Market Market which is facilitating someone (one or more institutionals) on the buying low.
It's something that probably breakes the law, but often happens with very small cap stocks.

To me, the only subject which can in someway control the share price with this very big volume is the MM (which has reasons for doing so)

A shorter would have to implement a huge quantity of money, which would be nonsense at this moment when you have improtant catalyst pending. And be sure that a shorter with big ammunition studies well a company he wants to heavely sell.

JMHO, I could be wrong, but I run out of explanations