. Market conditions refers to much, much more than the index. It is outlook. Especially for a spec stock. What happens to IHL is fairly reflective of this end of the market.
A large and growing contingent of analysts are warning the market is currently in denial of what is to come, but not all stocks reflect that denial equally. The better the immediate prospects for revenue growth in a company, the more investors are likely to ignore macro outlook to varying degrees.
Recruiter10: if this sounds familiar, it is because the answer to your complaints remains the same.
You might feel a lot better focusing on the improving short term prospects for revenue, than on the current SP. The market is in wait and see mode regarding IHL's pioneering psychedelic medicine clinics business in Australia. If the model clinic reports rapid client uptake in September and October, this branch of the company's operations will become A LOT less abstract, and the SP will come to reflect that.
Good luck.
IHL Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
