Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

I have long held the same point of view, that Aspire's self interest is best served by opportunistically selling more shares when the price is higher and less when it's lower. One of the more astute posters here disagreed and believes (my interpretation of his post) that Aspire is more likely a long term statistically disciplined seller, only selling a relatively small portion of their position on a daily basis.
Recent price action seems to suggest that he is correct as the SP drips steadily lower to a floor (equilibrium) that brings in buyers where it holds more or less steady until until the buyers at that level become exhausted and SP drops to the next floor, or there is good news and the price moves up on substantially higher than average volume which swamps Aspire's limited selling.
We will likely never know the methods of Aspire's game plan as they seem to deliberately limit their holdings below the reporting threshold. Since the last 12 months decline has just about wiped out the substantial profit I made timing almost perfectly the run to $4.80 I believe I've learned to be a more patient investor.
Bouncing ideas around is IMO the biggest benefit of engaging is this forum.