Innovation Pharmaceuticals Inc (IPIX)

[blissedout]

Great day to add a bunch of trading shares!

Paid a few extra pennies per share today in exchange for some solid Russia trial information and a very near term catalyst in view. I love the tradeoff of paying just 10% more as the odds swing probably a good bit more than 10% in favor of holding shares short/medium/long term.

Daily chart still looks nice. Weekly chart looks absolutely gorgeous. Strong 200 week support at .35 with so much room to run when the 20 (.23) and 50 (.22) week averages cross. Lots of time yet to buy on the weekly chart. We'll see how it plays out over the coming months.

If it all falls apart next week I'll still feel good about the risk/ reward of the purchase even if it's a money loser. Lovely chart + impending news are tough to unearth.