IMM 5.80% 32.5¢ immutep limited

Well, I am in the brain bull camp of over exposure to PRR, and...

  1. 338 Posts.
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    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
32.5¢
Change
-0.020(5.80%)
Mkt cap ! $479.3M
Open High Low Value Volume
34.0¢ 34.0¢ 32.5¢ $714.3K 2.145M

Buyers (Bids)

No. Vol. Price($)
38 207286 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 155282 27
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Last trade - 14.33pm 27/09/2024 (20 minute delay) ?
IMM (ASX) Chart
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