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Bullboard - Stock Discussion Forum Isotechnika Pharma Inc IPHAF

GREY:IPHAF - Post Discussion

Isotechnika Pharma Inc > Up 20% on the day What the heck is up?
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Post by funfinder on Aug 17, 2010 10:59am

Up 20% on the day What the heck is up?

Anyone? it's eating through all the stock on the ask side.Somebody must know why?
Comment by blog on Aug 17, 2010 11:47am
Since the dollar amount traded is around $60,000, one could assume a kid from a very rich family is playing.
Comment by macbethorfaust on Aug 17, 2010 12:05pm
If you look on level II its just basically one guy who has bought up a position I guess because he likes the risk reward ratio. So not a broad based surge and looks like this guy is done so likely the price will drop down a couple of cents again. Still every time someone does that it's evidence that someone out there sees a good deal.  Interesting two how it has caused some people to ...more  
Comment by funfinder on Aug 17, 2010 12:39pm
I was wondering if maybe a cost averaging but they keep buying into the bid. Not a lot of cash on the table at this level but any changes in the FDA  approval could spike it into a good return. And this isn't the first day someones been picking off the shares. One day is not note worthy but three days even small money into the bids? Maybe someones just accumulating for the rainy day.
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