Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

I think you're totally on with this Pete. I like many others, purchased in the sub $1 and have a very large position. I added a bit more during the last dip to ~1.5 but I'm at my limit for a highly speculative play (in fact I'm probably heavier than I should be).

I love CTIX but I'm currently up ~100% and happy with my position. Additionally, my risk model doesn't support another significant buy until the efficacy and toxicity are in (and positive). I'll be just as happy buying at $5 or $10/share if all the data comes back as we hope, we're just not there right now.

When smart money commits, we'll all know it as volume will be BIG and the size of the trades will be done in blocks - minimum of 10k shares/trade (none of this 200 share to 2k crap we see the MM walking the stock up and down with).

Many of the regulars on this board are at a six month timeline (some much longer). I for one have no problem waiting another six months for the science to prove and price to appreciate. Life teaches us many lessons but reminds us the need for patience most often.