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Posted On: 06/12/2017 9:33:27 PM
Post# of 72443
Zero real investors have sold since the conference call. We have had much higher than average volume. This is short covering, pure and simple.
Are they buying real shares from real investors? I think not. I think that the naked shorts are "covering" their CTIX naked shorts by shorting IPIX stock to themselves, thus maintaining their same naked short position.
The good news is that they are going to have to cover their new short position at much, much higher levels in the near future. Like, for instance, if the data is as good as we hope at the July 10 presentation, there could be a massive rush for the exits by the shorts. Hopefully many will be trampled in the stampede.
I continue to buy at these bargain-basement levels.
Are they buying real shares from real investors? I think not. I think that the naked shorts are "covering" their CTIX naked shorts by shorting IPIX stock to themselves, thus maintaining their same naked short position.
The good news is that they are going to have to cover their new short position at much, much higher levels in the near future. Like, for instance, if the data is as good as we hope at the July 10 presentation, there could be a massive rush for the exits by the shorts. Hopefully many will be trampled in the stampede.
I continue to buy at these bargain-basement levels.
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