Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

It's the stock market or a company making xyz widgets for sale. Nothing goes straight up. One needs to look at the overall trend in biotech along with scientific accomplishments. Focusing on share price makes one looney. I don't hold anything long term that requires me to watch share price closely.

I just got out of another biotech with a good profit. It was a swing trade that I watched very closely. CTIX isn't a swing trade. I'm in for a long term trade. One needs to understand why they buy into a stock or sleep will be lost. I'll never understand why anyone holds a stock that gives them angst. Hopefully, they do a bit more research without the emotion guiding the thought process.






In Reply to 'frrol'
It's the disease of focusing on the short term share price. If CTIX was $5, these folks wouldn't be carping. Self-inflicted wound, but they'll live.