There is not much to worry about this stock if you are holding...

There is not much to worry about this stock if you are holding at the moment. My price target (a gut feel guess) is about 30 cents which should be the price around the time the first announcement of results are released. The 12 cent target is a straight out average of other comparable stocks so I think that is more of an indication that IVX is currently low risk. I base my prediction on the history of the stock peaking at 80c last time but eventually going to the failed announcement in the low 60's. Since then we have had at least 50% stock dilution with the merger but better prospects with the multiple trials going on.

I think there is still plenty of appetite for this stock. Generally this stock goes for a run when people think they will miss out of the low price. Last run a couple of years ago it rarely retracted after breaking new ground (except when it got to the very top and obviously over what people believed was fair value). The announcement about the delays deflated the punters and has meant shorter holders to withdraw until a time when they believe it will heat up again. I have confidence that they will be back and the price will at some stage get to 30c.

There are a few sceptics who got burnt last time who have not forgiven (and you can't blame them as murky CBZ management decisions still makes me wonder if the results were all too close but yet so far). But anyway there are plenty more who still think the science has hit on something and in good hands the goose may lay the golden egg.

What the golden egg price maybe is...