Friday, October 24, 2014 2:31:42 AM
1. The actual run-up started six weeks ago when Leo provided the initial observations. It went from $2 to $3. People who got Leo’s message were already in. Had Leo not provided the initial observations, the stock would probably still be around $2. So an increase from $2 to $3.19 is 60%, which is what some of us expect would happen today.
2. As BioHedge and others pointed out, institutions who want to invest in CTIX cannot do so since it is still on OTC. Had CTIX been uplisted prior to today, the stock would be at least $4.
3. It is earnings week. Some people who sold CTIX to trade the earnings news thought they can buy back in before next Monday, which was the most likely time for the top-line data release. I expect them to buy back starting tomorrow. Friday should be another 1M volume day.
4. The news has not hit the major news/magazine websites yet. Heck, even Seeking Alpha has no articles yet. I am sure more and more people will find out about B in the coming weeks.
Bottom line, if you are long, it does not matter whether the closing price was $3.19 or $4.19 today. The most important thing is that B works as a single dose treatment with no SAEs. The market will realize the significance of this breakthrough one day.
Recent IPIX News
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
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