The SP has bounced conclusively from its recent lows and we must expect that the SP will not recover in straight line but in a see -saw pattern . In my view and I may be wrong but I see the SP is taking a breather at this fibonacci level of recovery after its retracement from highs to its recent low - as the SP must do in my view in order to continue its northward move . All will depend on product success in respect of which indicators are positive . I will therefore ignore the noise and focus on the fundamentals as that is how share prices move .
If the results deliver on any of the trials and IHL -42X for OSA looks very promising as do some of the others then the SP will take care of itself . In order to reap the rewards of a potential game changing product with worldwide application it is my view , for me in any event , that we have to ride the waves as the SP fluctuates to an eventual re rate on the success of trials . I have ridden the waves to date and seen re rates already and expect there are potential multiples on the SP from here on success . Always risks but the rewards after years of support will be sweet . AIMO . GLTA .
IHL Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
