All the stocks across the board has been hit.And then there are...

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pickbrain

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10/06/22

11:31

Post #: 61938037
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Originally posted by stevehoff: ↑

I am confident of IHL's future, the APIRX acquisition - everything! But it still hurts to see the continuing drop in sp from 70c. I wonder how far it will drop, surely that makes it harder to bounce. I am sure others see this decline and the value of their investment dropping, just wondering what some of the more experienced posters thoughts are on this. Yep, sector hit and has been down, it's June, and this time of year is always poor, but I did think following the AGM we may see some recovery. Not worried or overly concerned, just interested in getting some other POV's on where this might bottom out and what the recovery will look like. TGIF and GLTA

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All the stocks across the board has been hit.

And then there are especially hard hit sectors - tech, bio etc that doesn't produce revenue in the short term.

If you look at stocks like MSB, IMU they have come down more than 80% from the ATH.
IHL - only down ~50% so in relative terms, it is doing quite well.

Today is another challenging day. If 33c line is not supported, it may further drive the SP down until the end of this month.

I minimized my holding when the 70c window presented itself for the third time and now I'm free carrying so I'm in the position to not care of the daily fluctuations and just believe in the company's future. If you believe the same, perhaps don't look at the SP until mid July.

IHL Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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