IMUGENE CHART. TA only, page-12436

What a shame to see the SP at this price.

I last posted on IMU way back on 24th September when I had said that I sold at 50.5 and hopefully people are fine with it. My reasoning then was that I had seen it go up to 49c previously and then see it come back to early 30s. At that time I had promised myself that I will sell next time it happens. I sold most at 50.5 and rest and 49.5. The crowd here was very supportive of me which I very much appreciated.

Then I saw the SP go up to 62.5c and I was thinking if I made a mistake by selling. But I told myself IMU has been good to me. It was 25 bags for me. This and another Nickel stock which also was also sold at 13 times basically kept me in share market. The gains here were much larger than my losses. So have always been grateful to IMU and the other stock. That other stock also I sold at 27 and its hovering around 13 now - waiting to get entry there as well. I now feel lucky with my sells.

To be frank, like most here, I never expected SP to drop to this level. Every day I read all IMU threads, yes every day, even after 5 months I exited. It always had a soft corner for me.

I was watching the SP fall for quite sometime and always thinking I should get in. But I held myself. I got a feeling that something is not right - not with stock but the trading itself. And then some macro conditions came up, like US inflation and now war.

Today I could not resist myself. I decided to buy today in the morning. During the day I watched Slick posting his 100k buy at 24.5 and I was thinking is that buy. I thought I will wait for the closing auction.

I have bought one-fourth of my original holding today at closing auction at 22c. Frankly, I am not convinced that this is the bottom. But I also know that I will not be able to pick up the bottom. So I thought I will buy in 4 chunks and that should probably average out. So this was my first buy.

Will wait to see what is in store the next few days and accordingly decide. The market is in turmoil and fear can make anything happen. So will watch carefully as well.

I know so many of you are staunch believers of the fundamentals. The reason I entered again is as I believe the fundamentals have not changed. The general market has definetly changed, but I am hoping sanity will prevail at some time. Quality stocks will then show their strength. All the best.