Innovation Pharmaceuticals Inc (IPIX)

[macnqueso]

more whale speculation... so if whales become whales by being smart money... then they would have done the following...

1) bought in a highly disciplined manner during October and Novemeber taking full advantage of a downward price spiral... the spiral was the result of the absence of traders following cancellation of POC, a prolonged period of irrational pessimism and dilution related to the purchase of PolyMed... they built their base at very favorable price points during this period...

2) the trend reversed in early December when pps hit 1.40... longs jumped back in at this price along with quite possibly some traders... finding the low RSI just too irresitible... the whale/s continued to accumulate... but again in a very disciplined manner... notice how orderly the bull run has been... a penny or two or three each day... they pull their orders whenever the price starts to heat up... and occassionally walk it back down with low volume sells when opportunity allows...

3) material news at some point in Q1 is likely to bring volume that the whale/s will not be able to so easily control... until then... they will remain stealthy... as they build their wealthy... sorry for the completely gratuitous rhyme... pure speculation...