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Corgi

2,204 Posts.

1789

06/04/20

17:10

Post #: 43910554
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Originally posted by Exalted: ↑

Agreed RP.

IHL was trading at around 50-60M MC for months after the epic breakout we had last year.
We traded at that level until the Peloton placement for 5M at 7.8c happened.
Ever since, broker data has indicated enormous buying from Pershing and their clients as the major net buyers since then, major sellers being retail.

On the fundamental side of things, nothing has changed negatively and instead only positive updates have happened to the company and they are ticking the goals they were promising to do last year such as achieving the 1000 patients by the end of 2019. Which they did in basically 3 months.

Also keep in mind the volumes being churned in that time period, a lot more active than now. If the market saw IHL as fair-value at 50-60M MC on nothing but promises, now more than 6 months later when they have achieved many of those promises and have continued to progress the company towards its catalysts, I see no reason why the market shouldnt mark IHL back in the same position as it was before if not valued higher because now they have actual milestones ticked instead of promises and hype.

Two of the REAL catalysts and company makers that have been announced over a year ago now are about to commence this quarter.
Who is ready to take the risk/reward here? It's been too long since the last biotech booms on the spec side of the ASX. Will IHL be the first of 2020?

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It is just the market sentiment, hard to convince the herds to invest a cent when they have probably lost their jobs, been ask to take a paycut, are on welfare, closed their businesses etc.

Many other robust companies are in the same boat unfortunately, there is no point worry about fickle SP movements, my options are at risk and if the next announcement on 216a does not jolt the SP, i may need to unload my options.

Just the market for you.

But I'm going long on IHL just as i was with Avita which was a Disallowed for me.. tested my patience thought

IHL Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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