IMM 1.67% 29.5¢ immutep limited

don't thank me all at once

  1. 338 Posts.
    lightbulb Created with Sketch. 15
    Well, I am in the brain bull camp of over exposure to PRR, and have suffered dearly in this downturn.

    I audaciously leveraged into this stock at 16c and was loving my 300% return only months ago. I hit my trailing stop loss at 26c, and life was rosey.

    Then greed set in.......we went back to 24c and I thought momentum was shifting back up, and I didn't want to miss the next leg up

    I have since ridden all the way down to 11.5, and after tipping in all available cash to keep me afloat, yesterday I had to sell over a third of my position to cover a margin call. A number of fundamental mistakes led me to this position, and the only positive is that losing substantial amounts of your wealth is probably the best way to learn a lesson.

    Why is this relevant to all of you??

    Murphy's law dictates that the point I was required to reduce my position will undoubtedly be the bottom of the market, and we will now see a rally.

    As the subject header reads, don't thank me all at once
 
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Last
29.5¢
Change
-0.005(1.67%)
Mkt cap ! $428.5M
Open High Low Value Volume
30.5¢ 31.3¢ 29.3¢ $1.323M 4.421M

Buyers (Bids)

No. Vol. Price($)
4 111754 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 61590 3
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Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
IMM (ASX) Chart
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