Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

That wasn't a wash trade pattern. It was more of a triggered capitulation where a market maker reached down a few cents to a large stop loss which then created a cascade taking out several more stop losses within seconds. Buying returned once stink-bid land was reached, which is where some covering action caused that sharp bounce.

But what do I know. I've only been watching this kind of market action for 30 years, so I have no more clue than anyone else. ;-D