I probably wouldn't just buy it because of the price. I would buy it after the CLTX CAR-T data is released. The data could go either way, 2x if the data is good, 5-10% down if the data is meh, and 50% drawdown if the data is terrible.
Your worst-case scenario is missing out on a 2x, but if the data is good from that new 2x price, it would have a train of hype moving forward and new investors will be coming in so the downside is very limited.
If it goes down by 5-10% or 50%, then you will have a highly undervalued asset and the next CLTX CAR-T update won't be from 2-3 years from now and the investment thesis will be about their newer assets which are more advanced and more promising (CDH-17 and CAR-NK).
It is hard to invest in biotech in a high-interest environment, there's just no cheap money to take a punt on these companies that would not make any money for another half a decade.
- Forums
- ASX - By Stock
- CHM
- Charting Only
Charting Only, page-132
-
-
- There are more pages in this discussion • 321 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHM (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CHM (ASX) Chart |
Day chart unavailable