Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

When a stock in trending in a narrow channel, as IPIX currently is, a monkey tossing a dart has the same 50/50 chance of being right as you with your constant predictions of day to day movement. Just because you are silent when the stock moves up no one is fooled by your constant opportunistic ruminations and protestations. Reminds me of the new brokers w/o clients who randomly cold call several hundred potential clients off lead lists given by management. They 'prove' themselves to potential clients by offering a few stock picks without asking for any business. They choose different stocks for different clients and the few that hit repeatedly, based solely on random chance, are solicited using as proof of the brokers's omniscience the fact that they predicted three or four winners in a row and thus tout the returns the client missed by not taking their advice and in the first instance and buying. Obviously they eliminate the losers from their list of potential recall clients and start again with a new list of investors (suckers).