IHL 0.00% 4.1¢ incannex healthcare limited

Ann: IHL-42X positive phase 2 clinical trial results, page-136

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  1. 2,168 Posts.
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    Looks like this stock is sell on the news and buy on the rumours

    So previous to the trading halt - this stock was flying up 20% a day - with no announcements

    Now with the announcement - it gets dumped

    with no revenue - this stock is more sentiment value - if you believe it will do well in the future - you buy

    if the future is unknown and unclear - you sell - regardless of the announcement like today.

    this is with all bio med stock - look at pnv ( no news and its flying 7% up)

    will have to reduce my exposure to this stock - bit risky based on market sentiment - who knows when the market will react negative again.
 
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