The shorts have problems and will lay groundwork t
Post# of 72440
(Total Views: 220)
Posted On: 02/15/2018 3:07:37 PM
The shorts have problems and will lay groundwork to try and convince weaker hands to sell early on accepting a smaller profit for their shares. According to several sources the average volume for the past 90 days is around 240K.
Much of that volume, over 50% IMO, is made up of wash trades. Using rough numbers if the real average volume is about 120K that means that to cover the admitted legal short will take 10 days of nothing but sells. We all know that is not going to happen as there will be buying as word of our news spreads. This will attract traders, momentum investors and ordinary folk who are becoming aware of IPIX's incredible pipeline for the first time. It is going to be difficult for those short to cover and it will be costly for them. The big money will be made by those that have the patience to endure the volatility that will be present. A good recent example where you can observe the kind of trading we may see here is OSTK which was run up to almost $90.00 then walked back down to about $50.00 and is now trading at about $67.00. Remember the market makers, hedge funds, etc. make money both on the way down and on the way up. D'ont let them pick your pockets and steal your profits. Have a plan and try to stick to it. My plan is to part with a portion of my shares if and when we are selling for triple digits.
Patience is indeed a virtue. Go IPIX!!!
Much of that volume, over 50% IMO, is made up of wash trades. Using rough numbers if the real average volume is about 120K that means that to cover the admitted legal short will take 10 days of nothing but sells. We all know that is not going to happen as there will be buying as word of our news spreads. This will attract traders, momentum investors and ordinary folk who are becoming aware of IPIX's incredible pipeline for the first time. It is going to be difficult for those short to cover and it will be costly for them. The big money will be made by those that have the patience to endure the volatility that will be present. A good recent example where you can observe the kind of trading we may see here is OSTK which was run up to almost $90.00 then walked back down to about $50.00 and is now trading at about $67.00. Remember the market makers, hedge funds, etc. make money both on the way down and on the way up. D'ont let them pick your pockets and steal your profits. Have a plan and try to stick to it. My plan is to part with a portion of my shares if and when we are selling for triple digits.
Patience is indeed a virtue. Go IPIX!!!
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