Liponex Inc. (LPX.TO)

Had a compound which was supposed to boost good cholesterol HDL. Results reported in March indicated there was nothing statistically significant about it. Stop following it since then.

A company like this needs at least 18 to 24 months of cash to cover their burn rate. She doesn't think they have that much money. She would hope for a higher price in order to exit.

Had a big base building, which was wonderful, formal by a rally and then an exhaustion move, correction and rallied back. The problem is, the 2nd high did not go as far as the 1st high. This created the pullback. As long as it holds above $1.80 wait and see if there is another rally.