Should IPIX longs be day traders in the next week or two? For example, if we can expect a massive dilution after the meeting that would drive the pps to the sub ten cents level, would a wise long sell now, to rebuy after the expected drop, when shares were, by definition, much cheaper. Or, has the market, such as it is, already priced in such a dilution, with the meeting not likely being a pps driver, especially if no significant news is announced. Or, how likely is that if one sells now, in the .12-14 range, that longs will try and catch the falling knife if there is significant news driving the pps up to say the .34-40 level, which it could easily rise to if a decent OM deal is announced, for example. Or, would even the gutsiest day trader say F'it, in such a potentially disastrous time, and sit quietly, taking maybe a 50% or so dilution, and begin doubling down with small change (which is what would be necessary to buy, say even 20 or 30,000 worth of shares). Finally, if any significant percentage of longs actually did sell in the pre-meeting time period, they would drive down the pps significantly, just because a few hundred sold their holdings, further driving the pps down, to perhaps the nickel level or even lower. Just sayin'. Ok, all idle speculation as they say. But not thinking about the next week or two can be almost as bad as making the wrong decision about short term pps directions. Acting as a herd can be very beneficial in an upswing, as it can be disastrous in a drop. GL longs, we will need it.
