i'm no guru...jmo....but, there is a book value for any stock, which applies assets , cash on hand, money owed, future revenue etc., against outstanding debt, liabilities, loans, etc. take into account , shares outstanding,and other factors,like payroll, r&d costs, legal costs, etc., and you come up with a price a stock is valued at. then, there is a perceived value. what the future holds, possible mergers, buyouts, new products into the market place, future royalties, etc. this is the tricky part.. psychology, and emotions, play a big role into moving a stock up. that's why real news, good or bad, has such a large influence on price. this is especially true for spec stocks, which are still trying to show a profit, but have potential to break out...the speculation of good things coming, usually pushes the price up... again, the emotional factor...btw, i'm long here.
just an invested observer, not a contributor..i bought 150 shares at 5, to test the waters. i bought because, the company seemed to have potential. bio techs are risky business, more for day trading, than investments. but once in a while, one breaks out. i watch the boards to gather input, not to make a decision..i do my own d&d. i own rnn, and nuro, same deal with them too...i got hung up on the vrng board for a year, you come to know who you can trust, and those you can't... the people with numerous i.d.'s, and constant negative commentary, have no agenda in my opinion...if you bought ipci, as a quick trade, and got burnt, that's basic gambling. if you bought ipci for it's potential, than nothing has changed. whoever buys at 3 or 2 or whatever, looks to make money...it just may take longer to get back where you started at...like me. if you think this company may fold, get out. if you don't sell and hold, you haven't lost anything...if you do sell, for sure you will lose...Happy Thanksgiving glta.