Innovation Pharmaceuticals Inc (IPIX)

[TOB]

Yep, CTIX rally mode is on.

Scalping the minor swings takes a great deal of expertise and some luck. For 99% of us, attempting this becomes the fools game of trying to pick tops and bottoms. Fools game because of the bad results.

Those with the expertise, are adding at the pullbacks, and even selling into the rally highs. But buying dips in an uptrend is safer.

I did not foresee such a big pullback. A bit bigger than the wave 1 up pull-back. I figured we'd have more consolidation higher, or a continued wave 2 up. But I see the buying bid support tapered off more than I expected. So we get some lower volume at a lower price, so far still above the wave 2 break-out level.

I don't mind holding tight through this though, meaning trading shares as well as core position. I don't believe the pre-catalyst rally is done, and CTIX remains in rally mode, with wave 2 up complete. The catalyst itself is approaching.

I will let go my trading shares at $51.53 for a quick scalp however. And buy them back lower.

/I kid