I provided three scenarios here and said #2 is most likely. #1 means Aspire is selling all recently acquired shares also.
https://investorshangout.com/post/view?id=4976634
When MMs see there are many buy orders waiting at 50 cents or lower, they'll look to take out stop-loss orders. That's one way and I'm sure there are others. Oftentimes we see a sharp drop followed by slow recovery.
The problem with the floor is longs are helping MMs to set it lower and lower each time. For example, 56 cents was the 52-week low, so let's set the floor at 52 cents. 52 cents was reset as 52-week low, so let's set the floor at 45 cents. Now the 52-week low is 45 cents and I have no doubt there are many buy orders at lower prices.
My point is instead of putting all the demand at 52-week low or lower, longs should try to hit the ask or at least close to it. If they believe the stock will be triple digits one day, why sweating a few pennies now?
https://investorshangout.com/post/view?id=4976634
When MMs see there are many buy orders waiting at 50 cents or lower, they'll look to take out stop-loss orders. That's one way and I'm sure there are others. Oftentimes we see a sharp drop followed by slow recovery.
The problem with the floor is longs are helping MMs to set it lower and lower each time. For example, 56 cents was the 52-week low, so let's set the floor at 52 cents. 52 cents was reset as 52-week low, so let's set the floor at 45 cents. Now the 52-week low is 45 cents and I have no doubt there are many buy orders at lower prices.
My point is instead of putting all the demand at 52-week low or lower, longs should try to hit the ask or at least close to it. If they believe the stock will be triple digits one day, why sweating a few pennies now?
1
Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
