Innovation Pharmaceuticals Inc (IPIX)

[DaysOnTheBeach]

Absolutely false!!!!! The pattern is one of enthusiastic accumulation from people optimistic regarding the imminent clinical trial data release. This past week we traded in the range of six month to one year highs, closing decisively above the 200-day MA for the first time in months and months.

This past week's trading is not similar to patterns of March. Now, within just days... IPIX will release positive clinical trial data which will likely power the share price MUCH higher and possibly convince big pharma to partner on a drug indication, or the entire drug platform (one of three platforms the company has in clinical trials). To suggest that prices will somehow magically fall back down in the coming days is fanciful and wrong.

DOTB