Replies to post #93427 on Innovation Pharmaceuticals Inc (IPIX)

[I Need Help]

Little too exotic an explanation for me, but for professionals, who knows? Definitely, not a retailer's strategy. Also, it does not follow the pattern of actual trading. Your post:

Thinking about how odd our trade has been, I came up with a thought. With $10-20K you short the end of day run. In the morning you sell in 100 share blocks lowering the price up to .10 cents or so. You now cover the short and buy long and sell into the end of day run and short again. This is risky but one way to explain the recent trade.
Fletch

From past experience, looks like shrewd accumulation. Building position(s) without impacting the price. Without more concrete information, hard to say exactly what this means for price, short term. Probabilities are that whomever is accumulating is putting their money into a smart trade (longer term).

Technicals are getting slightly overbought; so, profit taking and resistance getting more likely. Personally, I'm up over 12% for the past few weeks. Bought on oversold technical and trade. Hoping to stretch out my gains, but watchful.

This run has been going for a few weeks, a little long for news leakage buying. Was watching the PR effects on Monday, but this did not seem to have an impact. Not part of the current trend.

Overall, CTIX continues to have very, favorable long term potential. Maybe, investors just doing the smart thing, buying at good times. But, could there be something else afoot; like up listing, favorable trial information, etc. ? With CTIX, this is always a possibility.

Definitely have noticed pattern trading, same as you, lately. Personally, I've been accumulating into the rally; but, my biggest position was from a few weeks back. Sitting on a comfortable profit margin, so I can afford to be patient. Waiting for confirmation, one direction or the other.