Replies to post #162093 on Innovation Pharmaceuticals Inc (IPIX)

[I Need Help]

By almost all measures, CTIX is oversold, and for most all time frames.

I think most of us long term watchers have seen this film before, and more than a few times.

I think CTIX goes down another 10%, with a quick drop with recovery, at the bottom.

I think there will be a fairly quick 30% pop from the lows. If good news comes out, CTIX may run. Would not be surprised to see a 100% move one of these times.

Not sure why the selling started up again a few weeks ago. Still, CTIX is trading on low volume. Not much conviction on the down side (low volume move); yet, there seems to be pent up supply and a pattern of selling into liquidity (a rally killer).

Pretty good risk/reward situation for the nimble and patient.

I still see CTIX as a really good risk/reward for the long term. The fundamentals are still looking good for this biotech.