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IntelliPharmaCeutics International Inc. Message Board

  • teberb teberb Apr 4, 2014 4:43 PM Flag

    36000 shares for sale @ 4.22

    I am Shure it is someone trying to prove a point. I would love to see some announcement after hours that sends the stock to $6

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    • My guess is the seller is now short 33,000 shares. We may know who it is by the end of the weekend. They will be the one trashing the stock the most. The lack of sleep will drive them crazy.

    • What's happening AH & PM the last 2 days isn't right and it should scare longs. I am one of them.

      This is a pretty thinly traded stock, and if somebody can "paint the tape" any color they want like this, it stands to reason they could do it against us as well. I'd prefer to let the market sort this out, not 1 or 2 guys playing with this stock after hours like it's their little toy. It is going to do more harm than good IMO, because it will keep legit investors at bay. Just my opinion, and of course maybe there is something to the action, but with no news or filings I can find, this feels really weird to me.

      • 1 Reply to camrymadone
      • I cant find any reason for it either. I just saw the level 2 with 36000 shares for sale. this would be a big order during regular market hours for this stock. I would think who ever put it out for sale after hours did not think it would fill. When someone bought 33000 they canceled the last 3000. That seams like a lot of cash to put out to just manipulate the after hours price.

    • someone just bought 33000 of them .

      • 1 Reply to teberb
      • frankly I dont pay much attention to AH or premarket unless it is huge volume like 500k shares or more. I own 110k shares now and I never bought more than 5k at a time so as not to disturb the market and my average price is now 3.95 I have done some trading with discretionary stock on this and brought my average cost down 15 cents otherwise my cost would bw $4.10 This will explode one day and so I never trade more than 10% of my account. I have never understood someone that puts in large orders like that as it does strange things to the MMs and if they get filled they are usually on the wrong side. I personally think that even my 5k share orders are at times too big. One needs to learn to be patient rather than put in those types of orders.

 
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