This is one of those stocks ,if they succeed and can cure cancer...

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Ianwil

13,116 Posts.

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22/02/24

01:10

Post #: 72524041
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Originally posted by Zior ↑

Nice one, accurate. This is why I rarely enter a enter the market without a profit target in mind, and why I won't take trades if the risk to reward isn't around 1:4 or better. Everyone trades differently of course, but for me the discipline is knowing these things (tp/sl) in advance and sticking to it. This takes all the emotion out of the trade, and then you only need to worry about early exits if the picture changes.

If you are focused on technicals you should already have an exit in mind based on technicals. If you are in because of the fundamentals, you should have a fundamental exit in mind. In my opinion, it's never wise to buy in if you don't have some sort of exit strategy in mind.
For long term investments like Imugene, my honest opinion here is to use combination of both. My personal situation was being tipped to IMU. After a brief look at the fundamentals I decided this was a train I wanted to be aboard, and so I then used the technical picture to do so, picking the timing and the price point. And incidentally, this is also how I have accumulated so far, finding key technical levels to add to my investment. This is also how I will exit a portion of my position - once my fundamental targets have been met I will use technicals to fine tune that to an appropriate level. While I enjoy the technical analysis, despite recent accusations I am very much a fundamental investor on Imugene and will only exit once those fundamental milestones have been met.

You make solid points about market cap - I've lost on a mining stock from not paying enough attention to the MC, and not made as much on others as I could have. The MC for Imugene was probably a bit overcooked at 60c looking back, but definitely never expected to see 4c again that's for sure, though who did. Ridiculous, but considering macros anything can happen I guess. Now with current IP and looking at peer valuations in recent T/Os, it will be very interesting to see where we end up.

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This is one of those stocks ,if they succeed and can cure cancer no one can guess the SP, if they don't we all know the answer to that. 0

IMU Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $417.2M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	41242	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	110000	1

View Market Depth

No.	Vol.	Price($)
13	676649	0.056
11	1612311	0.055
13	2045317	0.054
17	2576715	0.053
22	2203054	0.052

Price($)	Vol.	No.
0.057	575455	3
0.058	1405416	11
0.059	837099	8
0.060	2066043	16
0.061	1460386	7

Last trade - 09.58am 01/07/2024 (20 minute delay)

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This is one of those stocks ,if they succeed and can cure cancer...

Hotly watched WA1 Resources posts 200Mt niobium resource; largest discovery in over 70 years

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

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This is one of those stocks ,if they succeed and can cure cancer...

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