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HCH

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$1.25 hot chili limited

Do you watch Mereo Biopharma? Signs of buyout at around 5...

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1992Darling

267 Posts.

15

13/07/22

10:50

Post #: 62510722
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Originally posted by tinhat: ↑

It's not all black and white. I've been in and out with small parcels a couple of times lately for no gain. I'm currently holding a small fraction of the position I use to hold.

The other mob have managed to sail their ship into a perfect storm. I am still buying. Bought some more yesterday. I don't have any delusions about investing in speckies. I know I can lose what I put in. It's one of the few stocks I've been buying. One outcome of a cathartic crash in the share price is it is cleaning out the register. Something HCH needs. They just announced Industry Super Holdings as a substantial shareholder yesterday and I think you will find management over there have more skin in the game than CE and his crew.

I'm sitting on a lot of cash at the moment trying very hard to stop myself from buying stocks. Some early signs of a possible bottom in the biotech sector.

HCH has generally bounced back hard after significant bottoms. It would be good to catch that trade. Longer term though, you can't overlook the senior stocks in the sector after a big correction. I could end up putting my money back into OZL instead of HCH once the dust settles. OZL have a good pipeline of projects, not least West Musgrave.

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Do you watch Mereo Biopharma? Signs of buyout at around 5 Dollar. Maybe something for you.

HCH Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
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