remember a loss is only materialised if/when you sell.
I know it's scary looking at your portfolio and seeing red - but just learn to understand how the company trades on the ASX.
IN MY VIEW (not advice, just my approach) - this is just business as usual for IMC, so I simply factor it in. these prices are a good entry point, but it will go lower (IMO) - so depends if you're happy to buy now and wear some red for a bit, or wait for it to go lower and risk missing the entry point.
eventually an Ann will come, and the price will spike. the risk there is that I get fomo (as many others clearly do) and think this could run forever and ever and ever - but it won't. soon enough, the saaaame old price erosion will occur and the saaame old people will be whinging.
so, the trick (FOR ME) buy low - sell high. seems so obvious it's dumb. but the keys (again, for me only) are to buy at prices like these as I'm happy to wear a 'loss' (albeit not material) while I wait for the ann. when it finally happens, SELL HIGH - don't be trapped by thinking it'll be worth $10 the next day. then rinse and repeat.
it may be slow, but it's got me some solid results to date.
all imo only so DYOR.
Remember: they've got money in the bank and a clear roadmap for DoD/fda trials and now travelan FDA approval is back on the table. sprinkle in some covid news here and there. I don't think it's going to shutter the doors anytime soon, so it's a pretty safe 'hold'. it's just that again, seeing red scares people, they materialise a loss and then blame management. time after time. year after year.
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Last
8.2¢ |
Change
0.001(1.23%) |
Mkt cap ! $18.56M |
Open | High | Low | Value | Volume |
8.1¢ | 8.2¢ | 8.0¢ | $31.33K | 388.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 59672 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 59672 | 0.082 |
2 | 160000 | 0.081 |
9 | 802402 | 0.080 |
2 | 69999 | 0.077 |
2 | 58500 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 50000 | 1 |
0.085 | 77613 | 2 |
0.086 | 147746 | 1 |
0.088 | 21500 | 1 |
0.089 | 49999 | 1 |
Last trade - 13.55pm 17/10/2024 (20 minute delay) ? |
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