IHL 0.00% 4.1¢ incannex healthcare limited

General discussion, page-7393

  1. 6,780 Posts.
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    Re: No news - the company has made a lot of progress in the last 6 months and the markets reaction was “meh!”. The stock head article (sponsored and likely worded by mgmt to generate SH interest) about Nasdaq listing is making the rounds on Twitter for sure. May be people are reading up on the achievements in the last 6 months and positioning to join the register before the actual listing announcement which may happen towards mid-Sep?

    While the SP may take a breather because while those of us who are Long love the upward movement there eill always be people taking contrarian bets and the SP will likely retract a bit to acknowledge that.

    Remember the sage advice: No decision should be judged as right or wrong based on the outcome.

    Our decision to invest in IHL is not based on today’s or tomorrow’s SP but was made when the SP was around 5c. So your decision to go long or short is at a point in time based on your perspective. How long you decide to hold for your thesis to play out is your call. The SP obviously will not go up in a straight line. A bit of SP reversal will not change my thesis on the company unless something fundamentally changes for the worse.

    The company has not put a wrong foot in more than a year. So if newbies want to have contrarian views that’s fine but please make a sound case.
 
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Currently unlisted public company.

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