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
9.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.57M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 114250 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 556 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 114250 | 0.095 |
1 | 100000 | 0.094 |
2 | 91731 | 0.091 |
1 | 500000 | 0.090 |
1 | 11235 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 556 | 1 |
0.097 | 10000 | 1 |
0.100 | 160371 | 2 |
0.105 | 295769 | 3 |
0.110 | 96204 | 3 |
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