Replies to post #117028 on Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

I used 70 million, since that was the loss Thursday. We have no idea when the bear raiders shorted? My guess was above 3 as well... Wouldn't surprise me if they took a long position after they covered Thursday/Friday knowing a company response was coming... These guys manipulate the stock up/down... More reasons to get off the pinks...

[doubleupZW]

If that article gets pulled, Monday we go to $3 and we're back at $3.60 by Friday. If not maybe we hang around 2.50 or 2.75 for a week or two then we go there.

[Phoenix300]

Nice post NR!

[muelch]

Volume dried up Friday afternoon. It's possible the majority of short positions were already closed out or that they're disciplined enough to avoid squeezing themselves. I fear that without a catalyst we may never know.

At the risk of turning out to be terrible investment advice, I think that at least the shorting is over for now but it remains to see what level we will recover to.

Even though it may not be best for the long term sp, personally I'd like to see a good catalyst Monday and a short squeeze to artificially inflate the sp even higher for any open short positions to have to cover as high as possible.