IPIX has had a great run up. It's normal to have a
Post# of 72447
(Total Views: 256)
Posted On: 06/30/2017 1:39:45 AM
IPIX has had a great run up. It's normal to have a rest day -- a consolidation -- before any more moves of any size. It's really better in the long term to have more gradual moves up.
1.00 is going to be a battleground unless a big buyer comes in. The shorts don't want the stock trading over a buck because then all the Fidelity clients can tie up their stock and prevent it from being borrowed for legal shorting.
For stocks trading under a buck, Fidelity won't allow a sell order at more than 2 -- which could be dangerous because the stock could rocket up past that on news. So probably most people did NOT put in such orders because of the low maximum sell price. When IPIX closes above 1, it will be a different story.
Also, the higher the price gets, the more pain the shorts are in, and also the more capital it takes for them to hold that position. It will be interesting to see what happens before the weekend. I expect "them" to play manipulation games in the meaningless short session on Monday, when all the senior traders are taking long weekends and letting the junior traders play their games.
PLEASE DO NOT LET THE TROLLS TRICK YOU INTO FOCUSING THE POSTS ON THEM INSTEAD OF IPIX. That is their goal -- to pull attention away from the stock when it's having this fantastic run on good news.
1.00 is going to be a battleground unless a big buyer comes in. The shorts don't want the stock trading over a buck because then all the Fidelity clients can tie up their stock and prevent it from being borrowed for legal shorting.
For stocks trading under a buck, Fidelity won't allow a sell order at more than 2 -- which could be dangerous because the stock could rocket up past that on news. So probably most people did NOT put in such orders because of the low maximum sell price. When IPIX closes above 1, it will be a different story.
Also, the higher the price gets, the more pain the shorts are in, and also the more capital it takes for them to hold that position. It will be interesting to see what happens before the weekend. I expect "them" to play manipulation games in the meaningless short session on Monday, when all the senior traders are taking long weekends and letting the junior traders play their games.
PLEASE DO NOT LET THE TROLLS TRICK YOU INTO FOCUSING THE POSTS ON THEM INSTEAD OF IPIX. That is their goal -- to pull attention away from the stock when it's having this fantastic run on good news.
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