Replies to post #71319 on Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

RSI hasn't even reached 76 yet. lol. Yup. They can keep on trying to put their perspective on it.

Not to many things go straight. Volatility can certainly be our friend. But, you have to know when to get off the tracks (shorts that is). The coal is just warming up.

[MilesTeg]

Keepin it real, ETE.

From the 18th of August to the 2nd of September CTIX had a "high" RSI, typically ~85, but did as expected and consolidated after that. Technically sound yes, but now we're getting into the irrational portion of this run. BSB and ATH close on Friday gonna bring the traders out in force on Monday, imo. Following the traders are the dumb money investors chasing the hell out of this thing. Tough to call them dumb money in this case, but you know what I mean.
I think your 3.20 is as good a call as one can make but I wouldn't be surprised to see us go berserk by the end of the week.