Innovation Pharmaceuticals Inc (IPIX)

[TheMonolith]

Very true about their lack of vision. It's severely lacking. CTIX actually doesn't take all that much now, but you have to put some energy into digging through the situation. When you see Dr. Menon's track record, what Leo has done with burn rate, the skin in the game, the institutions they are involved with, the brilliance of B acquisition, I don't think it takes as much vision as maybe some other speculative plays.

I would prefer my friends to have a personal position. There will be plenty of funds that can own it professionally.

I think it will take more than this week to get a solid handle on the broad market direction. I'm watching S&P500 1880-1900 level. If that becomes resistance, then I would favor the bears.

Agreed that CTIX won't care much about the broad market. It will be impacted some from time to time, but were probably talking about a reduction in the craziness it will reach in near term highs, and maybe slightly lower consolidation areas. It may well benefit from the only game in town. Plus, I don't perceive the next bear market to be as rough on ALL stocks. I think it will be far more drawn out, and people will still look for pockets to "hide" their money, rather than a free-fall where everyone runs for the hills.