Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

I believe the risk in owning IPIX now is very asymmetric and is worth the risk of building a position twice as large as what I would feel comfortable holding over the long term. At current prices the gain realized from the move up if one or two the current trials are even moderately successful is significantly different from the loss incurred from its move down if they are anything but catastrophically poor. I'm within about 10-15% of my max commitment for any position (except perhaps for short term gov bonds).