Innovation Pharmaceuticals Inc (IPIX)

[Justfactsmam]

Yes it is wonderful...but a little reality check is in order.

1 Trading Float (vs numerical float) IPIX has a very tight group of investors holding for a long period and true believers. Accordingly the "trading float" is much smaller than the apparent float. Therefore it sank on low volume, and has recovered on low volume. After all...the 20% movement today was only on $125,000 of $ vol. One investor can do that.

2. Extremely oversold condition...with RSI approaching 20...ridiculously oversold. Very overdue for pop.

Now its back to its equilibrium ... waiting for the long awaited news for P2b trials.

Leo must deliver....IMHO this will move big either way when those results come out and evaluated.

glta