Replies to post #7325 on Intellipharmaceutics International Inc. (IPCI)

[doogdilinger]

A slightly, less-cheap biotech stock also made a huge gain on Tuesday. The highly-popular IntelliPharmaCeutics International (NASDAQ:IPCI) jumped 17.26 percent to close at $4.62. The move was reminiscent of what we saw during the “glory days” of the quantitative easing program during the summer of 2009. I have no doubt that those traders who were watching IPCI just prior to the closing bell were having flashbacks. During the last 38 minutes of Tuesday’s trading session, IPCI vaulted from $3.87 (7 cents in the red) to a closing price if $4.62. The best part of this story is that nobody is sure why this happened. As we used to say back in 2009: It must have been the work of the Plunge Protection Team.