Innovation Pharmaceuticals Inc (IPIX)

[I Need Help]

I for one, cannot.

Your post:

Why this is a down day with good news can someone explain me!

However, today's news was not really that significant. On a scale of 1 to 10, I'd give it a 3. Still, press release worthy. Not being critical of management.

Normally, when there is good news; and, the market does not respond favorably, this is Bearish.

On the flip side, many technical are now getting into oversold. This is technically (cyclical) Bullish.

I also am starting to smell fear. Bullish.

My take: A buying opportunity is coming up for those that are in cash. The best selling opportunity came and went.