IHL 0.00% 4.1¢ incannex healthcare limited

Nice post MM as a long term holder in this gem I too am...

  1. 1,395 Posts.
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    Nice post MM as a long term holder in this gem I too am comfortable as I have taken the time to meet the boys and understand the business . It is the best performing stock in the sector , the Board are impeccable , the strategy excellent and if you understand the business you know what it is doing amd how it will get there .

    SP fluctuations are inevitable on all stocks good and bad and we are trending well . There always is some profit taking at each level of resistance in the SP moves and there has been some of late and there is also a general softness in the market and specifically softness in the small caps which have all been soft due to macro factors .

    Nothing has changed here and we are set up for success on 675 and assuming FDA approval and possible US listing this stock will be multiples from here . I am comfortable and I see these prices as buying opportunities . I have topped up along the way and continue to do so where I see a pullback ..

    The way I see it there is no reason to exit the stock as it is on target for success and has done everything right so far . We are awaiting FDA approval and we have a talented hardworking board and leading experts all with skin in the game . There must be confidence to contemplate a US listing and to bring Sugar on the team .

    Investors that sell on price fluctuation due to panic or due to reasons of their own will likely regret that action in the near future and the astute investor that has researched will be the benefactor imo .I recall we had a massive pullback on the SP at the start of the Covid pandemic last year and I held and look at the recovery and where we are now ! I am happy I held .

    I and others have said it before patience is required to allow the business which is fundamentally sound and has many potential company maker irons in the fire to develop and bring home the strategy and vision they have implemented excellently . IMO
 
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Currently unlisted public company.

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