Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

There's clearly shorting problems in the higher priced stocks. And, here also, when the price was nearing $5. I wish all hedge funds and financing firms were required to disclose their short positions. Major damage was done when a hedge fund started hitting company years ago with bs articles. Most of those shorts took profit years ago.

SEC employees shouldn't be allowed to take positions with brokers for 4 or 5 years after ending SEC position ends. We might see better enforcement if so.

FDA has same problem.

I actually view the daily posting of finra numbers on stocks such as this as a red flag. I ignored two of my trading rules here because of my belief in the science.

1. Close position once daily finra's started posting. Usually a red flag. In this case, it started a week or two before Mako hit.

2. Close position after 20% max loss instead of riding down. I ended up averaging down instead.








In Reply to 'Barron4664'
Thanks Karen, its interesting that these articles always take the “nothing to see hear, move along now” tone. Just assume it is conspiracy theory. Well, I would like to see more articles cover the SEC enforcement actions against Goldman Saks and other MMs for naked shorting and other violations of Reg SHO. The news media sure does ignore them. Unfortunately the SEC abdicated its role of market enforcer and regulator when they allowed SROs (FINRA DTCC etc) to self regulate themselves. Not much different than the private banks running the FED. Have a nice weekend. Go IPIX!