Algernon Pharmaceuticals Inc (AGNPF)

[hardworking_student]

If we're talking strictly price action over news, I consider today a win. Here's my reasoning (valid or not, most likely not)

Last time we had the SK news, we spiked to 0.37. Gradually over a week we faded to 0.27 I think at the low. Then hovered around 0.3 give or take for a while.

This time we have the Canada news, spike to 0.48 at the peak this morning. We have now faded to 0.36ish give or take, and if this holds for a while, it makes me believe we are trending in the right direction. That's a 20% move upwards in new base support for news.

I could very well be wrong, we have several hours left in the day, we also have several days or maybe more than a week before the next news release, and the price may indeed fade until then. If it continues to hold 0.36 or in the range, I consider this a win because we've found new support.

We won't get overnight victory that many are looking for unless/until positive statistically significant results are posted after the Canada trial IMO. You can't fight data.