Isotechnika Pharma Inc IPHAF

RE: RE: HOLY, SHMOLLY........................

[macbethorfaust]

well the 18th was a Friday, who knows when it actually went out, whose in box it went to (assuming it was not just mailed) - I would be surprised it they just sat on it so I don't really see anything here of concern (although I have to begrudgingly admit ISAloser that that was a good find)

I would be lot more concerned if the price started dropping a couple of days before the news but there was no drop until right up to the time of the announcement

I find it interesting that the price has held and appears to even be increasing. That says to me that the market already knows that there will be a complete response letter rather than an approval BUT is betting that the CRL will stipulate some readily resolvable things.  So rather than a price drop on that news we have not been approved (that is apparent already I think and priced in) we will see a price rise unless the CRL raises a major. Many are obvioulsy betting that it will not.

So I am back in.

I see a run up to maybe 30 cents before the CRL, a slight flatness on news while people scratch their heads and a rise to maybe 35 cents in the day following if the CRL is "positive".  Of course if the CRL says the problems are major we could be down to a nickel.  So, again, finger on the trigger.