Replies to post #74839 on Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

I know what you mean. One theory is that the CTIX price was capped by market makers adding "liquidity" to the market by shorting. Watch the next couple of week's trading. I expect that MM's will take advantage of the disappointment THEY created today in CTIX retail investors and leverage that to drive the price down over the next week or two. That will allow them to cover their short by harvesting any sell stops that CTIX investors are foolish enough to set. That will also allow the MMs to make a NICE PROFIT at the expense of CTIX retail investors. And their market manipulation for profit is perfectly legal.

I'm surprised we haven't seen a bigger reaction. I guess it will take some time to sink in. Wouldn't have thought there would be this many shares for sale at this level. - TheMonolith