Replies to post #65391 on Innovation Pharmaceuticals Inc (IPIX)

[I Need Help]

ROMAD Diver, thanks. It's a bit of knowing how the Wall Streeters work, a bit of catching some early signals, and mostly LUCK. Better lucky than good.

I definitely think the move today, and some other recent activity is Smart Money. But, many questions remain. It appears our Smart Money wants or wanted to establish a position. They showed their hand once in a while, but they appeared to be clinical, not desperate; in their approach. They were able to accumulate lots of shares without moving the price very much.

From a technical perspective, we are now going to get positive momentum (linear) indicators, but negative overbought (cyclical) indicators. Does the current uptrend continue, or will overbought, resistance, and fatigue reverse the trend. I generally am in the cyclical camp, and would be taking profits (some will for sure). But, I think I see characteristics where there is a good probability for a breakout. I also think this advance will have down days. Our smart money is a cagey one.

Many questions come to mind: Why is there new buying interest now? Is it the anticipation of news? Or, is it based on improving fundamentals (or appreciation of such)? Hopefully, we continue to get clues from time to time. Technical analysis should be insightful. There probably will be lots of gamesmanship; so, go with the longer trends over the shorter. Intraday actions can be very deceptive.

So, I am going to be watching for fireworks with you. But, there could be intermittent rain, or unforeseen delays. My plans are to stay the course, sit back, and have a good time watching the show.

From your post:

I cannot wait for Monday--maybe I should take Leave from work all next week to see if I can catch the firework show...

Just now reading about some possible patent news. Not sure how or if this is a factor, yet.