NASDAQ may still fall, as Fed was ultra-hawkish yesterday. Powell said “Asset prices are somewhat elevated. They don’t now pose a threat to financial stability". Powell admitted that the Fed is “willing to move sooner” and “perhaps faster” than last time in shrinking the balance sheet.
That's freaking the market.
Who knows how low it will go and the correction will last?
But IHL's fundamentals remain in tact and extremely sound. With plenty of news around the corner (OSA, TBI, IHL-675A, RA, IBD and a potential 2nd psychedelics program), there's lots to look forward to for investors who can see further than their noses.
So, yes the share price could go lower, with the market panicking. But come 3-6 months, when the market is calmer and IHL's drug development program more advanced, the share price will probably be making new highs.
Screaming hot buying opportunity ahead of the loyalty options issue, where likely the more share you own, the more you'll get rewarded. That sounds like a pretty good deal if you think the drug development program will be more advanced in 3-6 months (and the share price higher), so just in time to attract coin from deep pocketed US investors and set to become the global market leader with plenty going on.
To your first million, -Trading For Millions
IHL Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
