Innovation Pharmaceuticals Inc (IPIX)

[Orion Nebula]

Yes a different definition than what I am talking about. You are describing flippers or traders - those who see a short term opportunity to benefit from some kind of catalyst. A true short has bet the stock price will go down by essentially agreeing to buy the share at a lower price. Their profit comes from the difference between the higher price when they placed the trade and the lower price when they cash out. By the way the worst kind of short is the money maker - they can do naked shorts, which is quite debatable as to whether it should even be legal. The securities industry has fought hard to keep this in place arguing it is needed for "an orderly market."

Gov that is why I think this is such a bad stock for a true short. Yes it bumps around by a few pennies but IMO the beta on this stock does not make it an attractive opportunity for those who like to go short.