Innovation Pharmaceuticals Inc (IPIX)

[MilesTeg]

Monday morning speculation anyone?

Apologies if it has already been extensively covered in previous posts. Been having a lot of problems with Ihub and Ihub mobile lately so haven't been able to keep up like I would normally.

I'm sure we have and will hit a lot of traders scans if only for the blue sky breakout and subsequent close at all time high. I'm inclined to think then that volume will be excessive, >1m, and that the roof could quite literally come off before profit taking near the eod. Imo, $3 is in play on Monday. Scoff all you'd like.

Watching the L2's on Friday, I kept expecting a sell off near the end of the day that just never happened. I also noted a lack of any substantial resistance, anywhere. It feels like the reigns are being let out more and more as we approach our critical milestone of B p2b unblinding.

I could be wrong, although rarely ever am. (don't bother fact checking, just trust your ol' buddy Miles, and whatever you do, don't ask my wife)
RSI is ~75 which, while a bit high, is still off of our recent peaks in the 80's which held for roughly 10 days before settling back down. Naturally, RSI means nothing in the face of buy the rumor and rampant speculation, but still, I'd be a fool not to expect another pull back/cool off day or two this week and next.

I'm getting a kick out of the predicted buyout prices ranging from 8b to 25b and higher. It always gets a bit surreal when I start doing the math at those numbers. I wish I had more substantial things to add, but tend to devolve into joke telling/silliness to avoid the very real possibility of becoming a millionaire.
It's like when a guy narrowly avoids being killed/maimed, and laughs despite that fact. I'm sure there's a term for that.

Thanks all for everything.

MT