Innovation Pharmaceuticals Inc (IPIX)

[tykundegex]

Of course it's "OK". 8% in a day, 20% in a week... this is hardly exception for an OTC biotech stock. Nobody who invests in (or trades) these types of stocks is surprised.

I bet there aren't many people here who haven't bought an OTC biotech and seen at least 50% of their holdings' value eroded for at least _some_ period of time. But if you don't sell, you didn't lose. And 8% up in a day, or 20% up in a week are just as common.

Know what you buy. If you do, even a 75% (temporary) paper loss is nothing to freak out about.

Save the freaking out for when you don't have any spare funds to buy more.