PENNY WATCH

[jedijazz]

Jumped into IPCI $2.29

NEWS HIT AROUND 3:30PM = https://finance.yahoo.com/news/intellipharmaceutics-announces-fda-final-approval-191811059.html

IT RAN QUICKLY TO 2.57

ONE WOULD THINK WITH ONLY 30M O/S AND 24M FLOAT, THAT THIS WOULD BE WAY HIGHER WITH ALL OF IPCI NEWS, AND THIS BIG APPROVAL

AN OLD BUDDY OF MINE WHO TOLD ME ABOUT IPCI LAST YEAR WAS EXPECTING $20+ ON THIS APPROVAL, BOY WAS HE WRONG, BUT @ JUST 2.23 I THINK ITS A GOOD BUY

KEEP IN MIND ITS A REAL HEAD SCRATCHER,

ONE THEORY IS IT MAY BE SHORTED BY THEIR COMPETITION

I WOULDN'T DOUBT IT

I DO EXPECT IT TO TEST TODAYS HOD OF 2.57 BY TOMORROW, BUT

ALSO KEEP THE CHART IN MIND= http://finviz.com/quote.ashx?t=IPCI

THE 50MA= 2.42
THE 200MA= 2.28

AND KEEP IN MIND IT ALWAYS STRUGGLES ON NEWS