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Re: Amigo Mike post# 24160

Thursday, 02/23/2017 11:31:31 AM

Thursday, February 23, 2017 11:31:31 AM

Post# of 38634
Perhaps this daily decline may not be as nefarious as we've all made out to be.

I believe ImpactTrader stated he had 600K shares.

If... he owns that in a margin account... then he may well be hit on a daily basis with margin calls.

A 10 cent drop in IPCI's price would equate to an additional $60K in margin requirement... thereby necessitating liquidating ~ 30K shares... thereby causing another 10 cent drop in pricing... particularly if there is someone selling back and forth picking up his loose shares as he re-balances on a daily basis.

Just a WAG.