Replies to post #2243 on Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

All true,except the MMs not having inventory. I think they do but are forced to hold for the anticipated run.

The first reason they are reluctant to use inventory to fill shares is the difficulty of replenishing at lower prices. The MM inventory will begin to enter the float around 70-80, but if the current trading pattern and volume continues then it may not become a factor until 90. Still,

I'm anticipating significantly increased volume and liquidity in the 70s due to profit taking, yes. In fact, there are many who loaded in the 30-40 range who will gladly take profits at a double, 70-80.

Hopefully, sufficient momo will be in place to carry the price back to $1 over the summer. Keep in mind, $1 may be major resistance until a fundamental changes--say Phase 1 results, fast-track approval, license agreement, etc.

Then again, I've seen these things cut through major resistance like a hot knife through butter on a summer day.

This is one fine looking chart!