Big talk from someone who bought then sold IHL under 5c. LMAO.
Nothing more to say....
Put it this way, if the likes of
@Chaya bought even more IHL recently and he is the #2 shareholder in the company now...
And he's not the only T20 holder who has bought either.
As to the situation of IHL, it is so painfully obvious that the selling is due to macro forces. Don't believe me? Here's us and then some of our peers.
Cannabinoid Biotechs![https://hotcopper.com.au/data/attachments/2984/2984767-e52c9104579b786ec813770185b9c123.jpg](https://hotcopper.com.au/data/attachments/2984/2984767-e52c9104579b786ec813770185b9c123.jpg)
![https://hotcopper.com.au/data/attachments/2984/2984771-8cd0e67676edc219dc2aba9af80d79f3.jpg](https://hotcopper.com.au/data/attachments/2984/2984771-8cd0e67676edc219dc2aba9af80d79f3.jpg)
Small Cap Biotechs![https://hotcopper.com.au/data/attachments/2984/2984775-6e5759873ccb552aedc9a71a8d1cf680.jpg](https://hotcopper.com.au/data/attachments/2984/2984775-6e5759873ccb552aedc9a71a8d1cf680.jpg)
Looks pretty familiar no? Until broader markets sort themselves out, this type of behavior will continue. Specs have been cooked across the board, general sentiment is very risk off. Not bear market type risk off mind you, but definitely risk off. For how long? No idea.But remember now that there is a lot of cash on the sidelines. If markets fire up again, however long it takes biotech is one of those types of companies that always gets attention if the science works as
@dalts66 said. Same punters will be tripping over each other to buy back in.
You can try to pick the bottom I suppose, but unless you can predict the macro behind markets in general, which is causing the risk off price action behind these biotech specs then you might be looking for trouble. And if you can?
Odds are you dont belong here and should be trading indices at an institution
And I bet that there is no one like that on these forums.
It's just funny that no one seems to be realizing the reason why IHL and others are being sold down, all attacking each other over percieved fundamentals when the company hasn't changed since hitting highs at 29c not too long ago. It's purely risk off sentiment from traders and certain investors, not T20 ones mind you. And when risk on fires back on these same lot are going to pile back in.
Anyone validly attacking the fundamentals of the company should've been doing so in the 20s, not now. Wonder why they all come out of the woodwork now and not then?
![Wink](styles/default/xenforo/clear.png)