Replies to post #211523 on Innovation Pharmaceuticals Inc (IPIX)

[groton68]

Absolutely. Aspire is buying from IPIX as needed and selling into the market. They are trying to stay under 5% reporting requirement. The day we get a check from BP the supply of stock stops. Demand takes over

[123tom]

@ desire to learn..I'll offer some thoughts.
If it helps to see the picture of things. This investment is basically a 'buy and hold' ,I think most folks would agree. Many traders will trade the chart pattern,which can be done ok, with trading skill, but the main purpose in my view is not to see IPIX as only a trading vehicle but also a core investment to hold until a deal or a buyout, something like that. So that means, as a buy and hold investment the main task is to buy at the lowest price you can get, and establish the core holding. IPIX has given everyone an easy ability to buy in the 60's and 70's as a visible Bottom zone. which makes it very easy to establish the core at the bottom zone, cant ask for anything better than that.

Traders will have a real challenge navigating the next set of trades, because if news propels this in a blast right up to 1 dollar, I suspect many traders will close their trade there and take some profits. so we might see a retrace back to 80 for a moment , and then another surge to find the next station for the new IPIX cycle, and it could be as high as 2 dollars, or somewhere around 1.70, hard to say. But still, If you see this as a buy and hold investment, you just enjoy the ride for a while...

the main work to do is now and for the last month or so, accumulating the core holding in the 60's and 70's. I hope you did that if youre interested in owning shares.
And this is really all one needs to know. I wouldn't worry about trying to figure out different things to ponder on... keep it simple. Its simply a buy and hold and the time to buy has been now at the 60's and 70's.