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Innovation Pharmaceuticals IPIX
Posted On: 04/23/2013 4:06:12 AM
Post# of 72448
Posted By: alj14
Re: bunny #8616

Yes, Bunny, the expectations have followed the path of excess for many months. For the first time in a while I suspect that the market is underestimating what may happen in the next 4-6 months.  My reason for saying that is because the various trials and fast-track chances for CTIX are all favorable to rapid progress being mad and announced this year. A close reading of the Seeking Alpha interview actually reinforces this interpretation.


Glancing at the chart, what has emerged with the shadow of a doubt is that CTIX finds very strong support in the $1.50s, so there is a strong element of imbalance between the upside and the downside.














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