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4.1¢ incannex healthcare limited

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dalts66

4,255 Posts.

1978

15/04/20

03:02

Post #: 44043577
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Originally posted by Glitterati: ↑

No, I don't think it's a P&D at all - this has been a steady gradual climb, 3 or 4 pips a day over 2 weeks, whereas with a pump, it usually goes bonkers over a day or two before the sell off.

As DK23 said, the SP is pretty much approaching fair value after the coronavirus inspired sell off, but apart from that, I believe that investors are coming back to cannabis stocks AND the big one is the fact that we have 3 or 4 major catalysts just around the corner and people are realising that (OSA trial, TBI trial, first quarterly registering a full quarter of oil sales, CBD inhaler and potential use for COVID-19). A little further down the track we then have the TMJ and Gingivitis trials as well.

I'm not a financial advisor and I'd ask you to make your own decisions, but for me there are still plenty of legs in the SP - the party has just started IMO.

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Maybe not a pump and dump. But still keep an open mind. There is an announcement expected before the 1 may 20. Its not uncommon to buy on the rumour and sell into the news.

Its always nice to have a couple low ball bids in just in case.

Last edited by dalts66: 15/04/20

IHL Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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