Always amusing reading this forum. I mean, we're all suppose to be grown ups but so many posters just makes me smh.
Until there is actual news on the FDA approval, there is absolutely no reason to get excited. Some posters in here act like this is their 1st buy or something. December has always been a seller's month as many people want to sell off negative holdings for tax purposes. It is expected to dip, especially such small stock. Yes, market has been going up due to consumer and investor confidence, but INNV is not really well known. For the same reason when the market was going down, INNV wasn't affected either. It is a start up waiting to explode, it is in a category of its own.
Let me tell you kids a little something. Ever heard of a little company called Cepheid? They make biotech instruments. I had some of their stocks back in 2001 around $3 a share b/c their main product - GeneXpert was expecte to be released. When it dragged, the stock dropped to below $2 and I was panicking. Later it went up to about $7 and I sold it all, bought myself a new car.
The problem? The product wasn't release yet. It fluctuated between $6-10 for years until it was finally released in 2006 and in 2007, it skyrocked to around $30 a share and by 2015 it went up to $60. I sold it at $7 and bought a car! Because I didn't want to wait for the product release.
This is the difference between an investor and a trader. Companies are always more optimistic with their estimates to keep investors/traders interested. Yes it would have been so sweet to have the FDA approved before 2017 for a Christmas present. However, life doesn't always work out as we planned. Sometimes there are bumps on the road.
INNV FDA is not going to make you wait 3-4 years like my example. It was estimated by late September, but other investors have already speculated it won't be done until 2017. We don't know, could be tomorrow. But the fact is, it hasn't been denied or approved, so why get all excited? Just be patient.
My only complaint is that I don't have more money to buy right now. Wow under 0.24? Gobble gobble gobble!
Just remember. If it is denied. You can say to yourself, "I took a risk and it didn't work. Oh well." But if it is approved and you sold it just before it was approved, then you'll be thinking about this for the rest of your life. You would be a sucker if you sold it after the FDA approval announcement, b/c that would be just a hype jump. The real money is quarters AFTER the FDA approval when the sales figures are in. So imagine what kind of a sucker you would be if you sold before any news of the FDA is even announced.
