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Innovation Pharmaceuticals IPIX
Posted On: 11/16/2012 11:02:57 PM
Post# of 72447
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Posted By: Drano
Re: biomanbaba #1932

Exactly. As soon as you don't have to worry about losing your investment, which for MANY of us is a very significant not to mention crazy percentage of our portfolio, you can sit back through the market makers' games and not have any anxiety when they torpedo the stock, trying to get people to sell, before they take it up to the next level.


Let's say we control about 4 million shares between us, which from what people posted on that website is a reasonable guess. Let's say everyone takes off 10% of their stake at 10. That's 400,000 shares. There will be PLENTY of demand for that stock when it gets up to that level. Remember that mutual funds cannot buy stocks that are less than 5. They, and hedge funds, and traders who won't touch penny stocks, will see a move to 10 for what it is -- an invitation to 20, 50, to infinity and beyond.














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