Innovation Pharmaceuticals Inc (IPIX)

[MXAMDUD]

This is what will happen today: open on the ask at 1.59. Start to drip lower with a 3 cent spread. Meander between 1.52 and 1.55 all day on low volume. Hit a low around 1.51 and paint the tape close on the ask at 1.54. Not exactly healthy price action. Bad news must be forthcoming


Wow - I was almost exactly right in every aspect. For today - more of the same action - just subtract another 4-5 cents from the above equation and you'll see where we'll finish. Sad but predictable