Innovation Pharmaceuticals Inc (IPIX)

[TheBunny]

No problem, I don't know why 'they' (the large holders, with miilions of shares), have been feeding the 'Sell Hopper', one can only speculate.

Anyone with a large position say 500K+ shares can not just Press Button and sell a 100K worth of CTIX, as they will crash this 'Thinly Traded' stock.
The pattern I see is 'they' are selling in staggered 20 - 50K+ at most sessions, a few small retail buyers show accumulation, while the large sellers sell into their buys. Don't need to be a 'veteran' to see that.
That pattern has continued from $4.95 down to today's .96 cents.

The large investors get to look into 'inside books' that retailers don't.
Management needs to feed these guys 'straight' as they also feed corporate salaries. So who knows what 'they' see? I just see the results and want to get out of the way of 'Big Block' selling activity, OR when I see volume start to jump-up on 'No News' that to me is a indication that 'someone (insider) knows something that has not yet been disclosed to the retail investor, then I jump back in.

Looking at the above stock activity for CTIX, there is no insider buying. They want cash now and don't want or need more shares. However, retail, been buying in little pieces when they thought it 'hit bottom', or wanted to 'Average Down'.
For me The Trend has been clear. I was convinced at $3.00 that it was going to $2.00, and sold my position. I posted it here. Then I saw The Trend was going to continue to $1.00 - posted that too.

I see nothing where the stock will triple within two weeks, and if it was, I can assure you that you would see a uptick in buying by insiders (as these pennies just can't keep their mouths shut on something significant, that is truly just around the corner.)

Just my views and observations.

Good Day to All-

-Bunny-

sorry that there are more sellers than buyers....any thoughts as to why they are dumping their shares in light of the ka-boom, untohim