Last time I posted on $INO, it broke out of the 1st gate with a big bang with super-high volume. Since then, it took a breather for a week. Now, it is gunning for the 2nd gate.
Take a look at the weekly chart below:
The momentum is still strong by the look of it. Price action is getting close to taking out the high from 2-1/2 years ago.
Below is the monthly chart:
If the 2nd gate is taking out, the 3rd gate at $3.40 will be the next target.
Fundamentally speaking, $INO has been issuing various positive preclinical test results based on its synergy of using its patented electroporation technology with synthesis DNA vaccine. The implication of these results, if proven later in Phase II and Phase III trials, is that this disruptive medical technology may render cancer disease to the level of small pox, polio, etc. In other words, cancer and deadly influenza may be much easier to cure and control than before.
The next milestone that may either solidify or discredit $INO technology will be the Phase II Cervical dysplasia (cervical intraepithelial neoplasia or CIN) caused by HPV trial result that is expected to release in the 1st quarter of 2014.
If the trial result proves positive, we will indeud be witnessing the ultimate breakout of stock price in the history of the stock market. Pardon my excitement. On the other hand, significant loss can result if the trial result proves negative. At the end of the day, it is the ultimate gambling bet.
Currently, $INO is my 2nd largest position. I may or may not adjust my position size before the Phase II trial result.
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