Why sit in this stock atm ? They are a mighty 35c away from their high at 60 - there is no way in hell, no matter how good the news, that it will gap up anywhere more than 2 or 3c so there is AMPLE time to buy in.
BUT if the trial fails you can be sure the gap down could deliver an instant 50% fall and never recover. All that has to happen is that the treatment kill a few patients and they have to halt it OR not enough, or anyone, responds to it.
No point risking your money when there will be more than enough time to join the celebration IF they get a break through. But if they dont the 'pain train' might be about to leave the station
IMUGENE CHART. TA only, page-13505
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Last
5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.9¢ | 5.4¢ | $1.489M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35252 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 1753430 | 24 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |