INO In the attached post, I conservatively predicted a 40% sell-off on Inovio (INO) passing P1. In fact, it dropped 48% from announcement to the following day.
The Friday prior to that, INO dropped 29%, intraday.
A few months ago, INO dropped 73% from one day to the next.
I told all Newbees who would listen that Inovio (INO) was a pump and dump penny stock* and even instructed them on how to exit on news to avoid loss.
Yet, many Newbees using margin and stacked still got wiped out by these three dumps.
Yet, I see some glimmers of hope for Inovio.
1. It has apparently distanced itself from notorious, serial penny stock promoter, Avtar Dhillon.
2. It has subdued the hype and slowed down the frequency of PRs
3. It has finally after 41 years achieved meaningful revenue
My criticism has helped shape Inovio (INO) into acting like a more respected company. Let's hope it will continue on this path.
But I still don't believe this company will ever accomplish a human vaccine and possibly never sell its electric zapping machine again.
MG
* When past Reverse Split is accounted for.
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