Don't understand why people look at 7c as such a bad thing.....and I am talking in context of a long term holder's perspective. Whether the stock price goes to 7c or to 10c,...its still a win win situation for long term holders....I mean why would you want to top up at 8c if you could top up at 7c....
Always remember that the stock market is a device for transferring money from the hands of the impatient to the patient. Unless you are swing trader you should not be concerned by upramping or downramping or whatever price fluctuations happen. The important thing is for long termers the FA hasn't changed, they have delivered HREC as promised. If you are someone who doesn't understand TA really well, then attempting to trade IBX or any other penny stock, all you will achieve is money wasted on brokerage, not to mention the danger of being caught out on FOMO.
I could have sold today at the high, or even months ago at 9c peaks, but I didn't because my strategy is to simply accumulate at the dips, thats why I waited and picked up some more shares at 7.8c, and I will be waiting to pick up some more once the TA indicators start to show that a new bottom has been found, the old bottom was around the 7.5c mark, that's why I waited for a buy confirmation signal which was a bounce back to 7.8c before I bought at 7.8c, that is how you can mitigate risks of catching a falling knife or buying at peak FOMO, wait for the TA to signal that a bottom has been found, and then wait for the TA to signal a buy confirmation of a new uptrend, yeah you will always miss out on a few pips here and there by waiting, but atleast you are protecting yourself from catching a falling knife. Normally the next step would be to exit on a successful trade but IBX has too much potential for me to exit. My personal strategy for IBX is to wait for the day traders to do their manipulation and let them play out the price action, then wait for the SP to stablise, identify the bottom, wait for the buy confirmation and then buy on that dip, and I will keep on doing this until trial results, hopefully it will allow me to accumulate a good number of shares at a average buy in price that is much lower than the SP 4 months down the line. So unless you are swing trading IBX, please be patient when buying and selling, wait for the price action to play out before making your move, because attempting to beat the market at their own game is always an uphill battle.
IBX has an SOI of more than 900 million shares, with the major percentage of it being retail, so price action based on news, emotions, market sentiment, hype, etc will be very common. That is why this morning some people very succesfully caught out some other unfortunate people on FOMO at almost 9c. There is no need to FOMO on IBX, because the company is very transparent with its communication, we all know when trials are happening and we will all know when trial results will be coming. So just relax, take a breather, don't chase IBX, take your time to make your entry at the price that you believe is fair based on your valuation and the stage IBX is at. With 2 months of no news, and a bear market, IBX only managed to trickle down to 7c, now with Trump magically cured, Australian budget meeting done that is focused on rebuilding the economy, and Covid cases at an all time low, its the perfect setup for a bull market. IBX has delivered with HREC, trials pretty much confirmed, with more positive news expected in the near term future, isn't that the perfect long term setup to start a new uptrend? Just look at IHL, HREC was announced and barely any movement from 5c, give it a few weeks and some more positive news, its now at 8.5c. IBX has an exciting 6 months ahead, so if you are looking to go long on IBX or accumulate more, avoid getting caught in FOMO, make smart entries in the dips of an uptrend, and if for some reason there is a downtrend, avoid catching the falling knife. Exciting time ahead, goodluck to all long term holders.
Please DYOR and nothing I have said should be taken as financial advise.
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