Replies to post #77049 on Innovation Pharmaceuticals Inc (IPIX)

[cabel]

The CTIX "correction" was coming with or without a shelf registration. Might have had different timing, but it was coming. The weekly RSI was too hot for too long. Now the daily RSI is almost oversold

!

Totally agree,... and the stimulus for it starting was the 2 other stocks shared by many investors here.

I'm looking forward to the Biostatistics of Phase 2b being announced,... they are being reviewed,... perhaps Monday!

[TOB]

I think that's spot on.

The CTIX "correction" was coming with or without a shelf registration. Might have had different timing, but it was coming. The weekly RSI was too hot for too long. -noretreat

Issue being the timing... I figured it was a coin flip that the little pullback could have been after another rally leg up. Or a PR could hit with good statistics for the P2b Top-Line data, or the several other things in the pipeline.

I think what not everyone grasps, is that even a bullish chart can have any single upside rally leg come back and retest either the break-out line or support, and still remain a bullish chart.

Now the daily RSI is almost oversold! -noretreat

Indeed I was gaping at the RSI, the lowest it's been on the daily since CTIX was about 1.60! Now the weekly RSI is back down nearly the same.

[williamssc]

I would think if Leo had bottom-line data it would have be been PR'd yesterday. According to Leo Based upon top-line data CTIX has decided that a pivotal Phase 3 trial in 2015 will be for a single-dose of Brilacidin for ABSSSI. Holding back even mediocre data would reflect poorly to Leo's credibility. I just don't see the latter. There's a lot riding on B at this juncture.

[TheMonolith]

Do you think Dr. Menon and Leo had seen all the numbers, that you want to see, enough to know the conclusions in the Cox interview?

[daydreaming2]

Of course the bears watched for the volume to slow down then did what they do. Nothing to worry about... nothing has changed to think this dip is anything but temporary. I have learned a lot watching who posts what here at different times. Also have learned a lot about how bio companies work reading all the different posts. A very educational 2 years for me so far, and financially successful too!