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4.1¢ incannex healthcare limited

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Alee26

2,366 Posts.

262

03/05/23

15:09

Post #: 67587938
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Originally posted by rusty02: ↑

With macro conditions deteriorating overnight and the heavy shorting I expect to see single figures in the coming weeks. Selling has been relentless now for 18 months regardless of announcements. It's been a buying opportunity since 25ct and definitely from 20cts only to see your investment down 50%. There is no bottom. If the 10ct wall falls we will have pain as of past experience the falls quite rapidly. Interest rates hike and a stubborn inflation is a great environment for the shorters I'm afraid. Fingers xed and GL. Fundamentals are strong and there will be a bounce as we draw closer to regletory approvals and communication.

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Single digits were predicted long time ago. If it goes there I'll be buying, instead of the options. IHL is cash burning machine and market hates it.

IHL Price at posting: 10.8¢ Sentiment: None Disclosure: Held
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0 Great analysis

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