Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Fabius- The only thing going on with IPCI is them executing their plan. I am personally happy with the progress as IPCI does tend to move slow. Please remember they are a very small company...

Now my opinion on why we have not broken out... A lot of day traders have shown up that trade purely on technicals. They probably close out all positions over night. So what I feel they are doing is moving this price between the resistance levels and switching back and forth from long and short multiple times per day. As you can see, we cannot break through around $3.20. That is a very tough resistance point for us now and lots of selling up there. So all that being said, until those guys move on or a big buyer moves in will to pay much more per share, we will be stuck. The good news is, that each catalyst did move us up and the tend is upwards. Another catalyst could help us bust through that resistance point and maybe then we hit $4.