Innovation Pharmaceuticals Inc (IPIX)

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Isn’t playing the market fun. At this point in the game the people who are long on this stock are either sitting on their position or adding in my opinion. The retail on this stock now has to also make a decision. Do they believe management is going to execute a deal which is bad news for them. Or do they believe that no deal will be signed? At this point the people who are all holding the stock and have been for a wow really don’t have anything to lose because it has been nearly at rock bottom for those who are in for a while. So at this point I think the ball is in retail’s court. Their decision is simple if they Believe a deal will get done is it better to start covering now at these lower prices and take your losses or continue to short the stock and hope the management will not sign a deal. If management does not sign a deal then retail wins. If management does sign a deal and retail Chose not to cover down at these low prices it is going to get interesting very if deal is announced. Those working with retail on this stock like a few others I have seen have definitely made the long position become stronger. There is hardly any real share is being sold at this point. Of course a little day trading here in there and that is about it. Just my opinion on the situation of this stock. I will check back in in a few months and it should be interesting. My feeling is longs will be very happy. This does not happen very often because retail is so strong but not looking good for them at the moment. If I was in charge of the retail right now I would be covering because anything under a few bucks a share is going to be a bargain for them even at a loss if a partnership is announced. Just my honest opinion And I could be wrong.