Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

So to answer you and Scott, I put $IPIX on early pincher radar yesterday. I think it's quite possible that this will continue to base until data for Brilacidin. The last real pinch was back in May. I like seeing the +DI and the PPO come closer together before the action kicks in, that's why I said early. .63 is the support line as well as the S2 pivot support with .73 now being the pivot.
Typically there is a buy on anticipation, being weeks away, I'm thinking that kicks in soon. So your theory holds water imo.

What's clear to me, along with the small volume, is the lack of real selling pressure. Everything is still getting soaked up. I think the bulls will be taking over soon. No guarantee .63 holds of course but the day to day on the LII's is showing a sense of desperation to accumulate. The chart reflects the accumulation. Buy on fear, sell on glory is VERY much alive here. The weakness is being absorbed. The stochastics is also reflecting a potential rally possibly to your target in the .80's.

I think I'll be very pleased with my buys in the .60's. This isn't a game for the weak. But with the continuous success all along with trials, I'm sleeping pretty good at night. The design of this set of trials takes right from the last set, though pointedly for big pharma for further proof.

I don't think it gets much better than that. They can wait a few more days though so I can pick up another chunk, though I'm considering buying on the way up through the $ instead. My cost basis is very reasonable now getting closer to 1.20. But I'm also not going to lose my house if everything backfires. Which I doubt very much.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135486971

my post yesterday

$IPIX is a strong buy imo.

Message in reply to:

BD, my theory now....

I don't know if it would play out as logically as this, but it seems to me, that we have 2 possible 'rally' scenarios to come. One would be purely a technical bounce, not news driven at all, something happening soon, not news driven at all, that starts climbing the steps into the 70's and gets close to 80, pulls back from there and lets say it continues as a technical move, bounces again in the 70's and starts testing the mid 80's....That's the dangerous technical bounce, in my view, its so heavy with resistance in the 80's, that I fear a big slam down right there IF we see a rally that comes on No news. I almost don't even want to see any such technical rally at this point, weeks away from news, but not news generated yet... would be a perfect set up for a whipsaw fake out, as soon as it hits the 80-85 area, the selling attack could take it right back into the 60's again, to load up.

The other scenario I'm wondering now, is that we just keep seeing this bleeding down, hanging around 63-73 and all the same zig zagging in this bottoming zone, just keeps bleeding up and down , waiting until the news comes. and when the news comes, we might see a good surge that good news deserves, and I'm thinking it would hit 1 dollar on the fly, and keep on going to the 200 ma target around 1.75 before it takes a breather.
From there a pullback might just hold at 1.00-.90 and the game will be over for shorts in the current cycle,looking to take it to 50 cents or lower. The new chart cycle would look like support at the daily 200ma, around 80-90 area. and rallies would be looking at 2 dollars and 3 dollars,and we'd be seeing this 60's Bottom, finally confirmed. The 80 cent zone is the place where bullish rally and trend changing wave structure needs to get established. not just in the last 2 rallies but the next ones as well.
This chart needs a News driven rally. Theres no two ways about it.