btw regarding IPIX triggering reg sho this lin
Post# of 72440
this link can be accessed daily to *check* those OTC companies whose stock has triggered reg sho
http://otce.finra.org/RegSHO
it is irrelevant as to how many FTDs *get reported* or even what the *legal* indicates ..
just ask the folks of another OTC company whose stock triggered reg sho back in early April and *remain* there as of yesterday (a company and stock btw that came to my attn courtesy of another Innovation Pharma investor)
NR has about a 5 day window to camouflage *imo* .. which is one of the reasons why it's always worth noting *volume* pattern changes .. with significant volume increases in alignment with daily %s marked *higher and higher* .. are *imo* a signal of NRs' *stress* (in other words an inability to camouflage) .. if this pattern goes long enough .. reg sho is usually triggered ..
that is why while interesting to see yesterday's *volume* .. it was more interesting imo to see what % had to be marked .. and which MMs' were utilized
remember as i've noted previously .. NR has a few options (and who knows what kicked off Tuesday's frenzy in that last hour) .. they can relentlessly compress IPIX downward on decreasing volume to part shares .. demoralize investors and potentially impact mgmt .. they can try and do what i refer to as a controlled take up (which anyone actually watching the last hour on Tuesday was anything but controlled) and the timing on those can be dicey for NR these days re: Innovation Pharma .. or with the writing on the wall .. NR can do what i refer to as a partially laddered cover .. of rolling their resets .. so the take down is less than the take up
net result could be pennies up per week .. but pattern becomes crystal clear ..
this pattern is the one imo NR would be wise to implement on IPIX .. time will tell and we shall see
============
IPIX on Monday of this week .. note volume beats 90 day avg but falls below 10 day .. note the PPS closes up @ 4513 .. and *markage* @ 37%
Detailed Quote:IPIX .. @ ask
INNOVATION PHARMACEUTICALS INC
0.4513Up 0.0283 (6.69 %)AS OF 3:58:10PM ET 05/14/2018
Last Trade 0.4513
Trade Time 3:58:10pm ET
Change 0.0283
% Change 6.69%
Bid 0.436
Bid Size 3985
Ask 0.4513
Ask Size 3030
Open 0.423
Day High 0.4563
Day Low 0.39
Previous Close
05/11/2018 0.423
52-Week High
12/06/2017 1.17
52-Week Low
05/09/2018 0.35
Price Performance (Last 52 Weeks)
05/11/2018 -35.17%
Volume 238,254
Volume (10 day Average) 331,080
Volume (90 day Average) 221,505
IPIX on Tuesday .. note volume surpasses both 10 and 90 day avgs .. note PPS closes up @ 59005 .. and *markage* is roughly 50%
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.59005Up 0.15405 (35.33 %)AS OF 3:59:48PM ET 05/15/2018
Last Trade 0.59005
Trade Time 3:59:48pm ET
Change 0.15405
% Change 35.33%
Bid 0.5801
Bid Size 1000
Ask 0.6175
Ask Size 1000
Open 0.44615
Day High 0.68
Day Low 0.41
Previous Close
05/14/2018 0.436
52-Week High
12/06/2017 1.17
52-Week Low
05/09/2018 0.35
Price Performance (Last 52 Weeks)
05/14/2018 -38.59%
Volume 384,483
Volume (10 day Average) 335,770
Volume (90 day Average) 218,697
note on Wednesday .. there is clearly volume follow thru .. but note at % marked of 45% .. and the PPS closes down .. so while *volume* appeared
it came at a cost *imo*
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.59Down -0.00005 (-0.01 %)AS OF 3:57:19PM ET 05/16/2018
Last Trade 0.59
Trade Time 3:57:19pm ET
Change -0.00005
% Change -0.01%
Bid 0.59
Bid Size 2200
Ask 0.60
Ask Size 15300
Open 0.63
Day High 0.69475
Day Low 0.514
Previous Close
05/15/2018 0.59005
52-Week High
12/06/2017 1.17
52-Week Low
05/09/2018 0.35
Price Performance (Last 52 Weeks)
05/15/2018 -28.76%
Volume 605,083
Volume (10 day Average) 355,056
Volume (90 day Average) 219,686
currently for today's efforts .. no volume to speak of .. we don't know yet what % will be marked (NR is gasping for a sub 30% based on what they have had to report
for the last 35 days or so .. only 3 of which are sub 30%) and a PPS close
also currently not known
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.511Down -0.079 (-13.39 %)AS OF 1:13:35PM ET 05/17/2018
Last Trade 0.511
Trade Time 1:13:35pm ET
Change -0.079
% Change -13.39%
Bid 0.5088
Bid Size 8000
Ask 0.51
Ask Size 1000
Open 0.59
Day High 0.59
Day Low 0.5094
Previous Close
05/16/2018 0.59
52-Week High
12/06/2017 1.17
52-Week Low
05/09/2018 0.35
Price Performance (Last 52 Weeks)
05/16/2018 -32.18%
Volume 73,290
Volume (10 day Average) 390,697
Volume (90 day Average) 223,658
one thing to remember *imo* .. when NR by their own *abusive* efforts have dug a hole so damn deep .. it's almost insurmountable to extricate from .. *liquidity* has to be injected .. ironically it's usually *abusive* efforts that MMs' inject .. which is one reason why i suspect reg sho is on the verge of being triggered .. it's also done to bring back in *traders* .. which is why it will be interesting to me to see if NR closes IPIX tomorrow above 4513c ..
while one day or one week .. a pattern doesn't make .. in NRs' shoes .. i'd be doing a partially laddered cover .. and i'd be doing it beyond subtly .. there is no doubt in my mind that *liquidity* is badly needed by NR re: IPIX
4kids