Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

What a truly yawn of a close given the earlier fireworks. Looked to me like some serious short covering until about noon, then nothing.

Investing in CTIX requires two firm beliefs:
1) Belief in management
2) Belief in the science

I'm not sure who was selling this morning but they can't be happy. Any number of announcements could send CTIX shooting higher and shorts tend to be very good at risk management so it was probably scared longs who just wanted the pain to stop.

If one takes a long view of this company, things will turn out well. The fact that I was able to buy at the same levels that I was buying two years ago, is insane. There has been so much progress, yet the share price doesn't reflect it.

CTIX has the ability to be a home run but we may have to stay around for a few more years to see it through. I don't think many weak hands survived the last two days. I know I've increased my position significantly and did so as an opportunity buy, it sounds like others did as well and those shares are locked away - at least in my case.

Everyone have a great weekend and be confident in what you own. Both the science and management are doing well.