Actually, I think it's going to rise quickly to retest $0.75
Friday's close confirmed a rare 5 day candlestick pattern called "Rising Three Methods".
The product that was discontinued was a over the counter pre-natal vitamin called Gesticare. A NDA was never filed on it, so when people say that IGXT only has 1 FDA approved drug, they are correct. Shortly after Jazz Pharmaceuticals bought out Azur Pharmaceuticals, they sold Gesticare along with several other over the counter women's healthcare products to Swedish pharmaceutical company Meda AB. Intelgenx never made much off it, well under $1M...
I have a better idea... Let them borrow your shares! We could use a nice short squeeze :)
Nobody knows what the PAR drug is yet, that's part of the problem!
And the fact that the PAR drug is still on helps... What doesn't help though is the fact that there was supposed to be a regulatory filing on it at the end of Dec. 2012, then it changed to the 1st. quarter 2013 and now we have no idea when it will be filed. Back in Dec. 2011 when Horst first released the 8K on it, traders and investors were not happy because it gave no details... We still have no details and now no time frame either... Big disappointment!
Gee, just when I thought maybe you weren't as bad as my first impression of you... You know, I think you are starting to get nervous, maybe thinking you made a mistake buying into IGXT. You're obviously feeling doubt! You can "doodie" all you want on others, but you are not gonna start doodieing on me again, back on ignore you go, because you don't even have a clue about this company. Oh, and the $3.00 price target is BS! That's right! IGXT paid for coverage by Aegis and their job is to pump... Anyone thinking they are going to see $3.00 this year, or even next, needs to have their head examined. When you figure out how the game is played, and how Intelgenx really works, maybe I will take you back off ignore, but for now, go to your room!
Welcome to the world of Intelgenx! This is what it's been like in my 19 months of holding it... I believe it is because Horst makes deals that are not appealing to many investors. He keeps a tight grip so that he can control every aspect, and in doing so, he neglects shareholder value!
Unfortunately, no... IGXT is in what's called a "pinch" right now. I was hoping yesterday's close would have followed through, but it didn't, though the pinch is still in effect! This technical could really mean nothing for a stock like IGXT, the real driver would be news!
Go into the spam message and put your cursor on the spammer's name and you will not that a little box with the word "Flag" pops up. Click on it and you can choose to ignore...
LOL... Unfortunately, pps waits for no one! I was fortunate yesterday. I placed the order for 2,200 shares Wednesday morning at 0.45 with a promise to myself I wasn't going to chase, "set it and forget it" and I got lucky!
Yes, turned out it wasn't loading because I use Adblock Plus with Firefox and I added some filters for sites that have been taking a long time to load lately. Once I removed the blocking filters, it came right up...
RSI is at 36.50 which is normal. Under 30 is oversold, over 70 is overbought. RSI between 30 and 70 is a normal trading range. Yesterday, RSI had dipped to about 23.00 and was the most oversold since August 2010. Now that doesn't mean that it couldn't have dipped further, but we knew 0.45 pps was strong territory. I was actually quite happy that I was able to pick up another 2,200 shares at that price because I knew that it had very strong support there. Yesterday's closing candlestick marked a bullish engulfing pattern which should be confirmed Monday, hopefully, but knowing the strength of support at 0.45, I don't see any problem there...
Sentiment: Strong Buy
Good for you! I picked up a small amount this morning myself... 2,200 shares just to give me an even 60,000 shares now averaged at 0.554
I don't want to build up hope here, but I'm starting to get a feeling that some news may come Monday... With the presentation removed from the Intelgenx website, looks like a possible update!