The only surprise here was the strength of the increase in price over a few days. News of the alliance and advisory board appointment seems positive but hardly worth 100%+ increase and the subsequent fall had to be expected when company response to ASX query was we know nothing. Probably overdone to the downside now? Short term traders who have shorted may wish to cover late this afternoon in case there is a little more news to come so perhaps a little rally late in the day -that would be my guess but guess/opinion only.
For the record I liquidated my position gradually during the move up and have re-entered near todays low to position for any further good news
IVX Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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