(Total Views: 469)
Posted On: 05/08/2019 11:29:37 AM
Post# of 72443
The last couple of days of SP increase has been fun to see but the volume yesterday of 2.5M on NO NEWS to me is telling. Some of the trades both yesterday and today were zip code trades that are bogus but we have also had 200k trading days that had a high percentage of phony trades as well. Today’s volume could end up exceeding yesterday’s and the SP could stay down today as NSS try to regain control or long pressure could take over and take IPIX SP higher again. I am not a trader or chart guy as I always thought a Bollinger Band was a group that played for tips in the local bowling alley bar. What common sense does tell me though is that if IPIX can trade 2.5M shares on NO NEWS (whether leaked or not) that an announcement of a deal with one of the BIG BOYS (Pfizer, Merck, J&J etc.) will most likely cause a halt followed by MANY millions of shares traded. Most of the longs I have talked to are not planning on selling any shares on the news. The very few that are considering selling are looking at a small amount of 5% or less of their position. So where are the shares going to come from on the supply side? NSS’s upside down position is going to explode with a lack of supply to satisfy NEW INVESTOR DEMAND in the millions. That will be the real show to watch. The last couple of days have just been small previews.
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