IMU 1.82% 5.4¢ imugene limited

I was a little disappointed not to get a trial update on...

  1. 1,391 Posts.
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    I was a little disappointed not to get a trial update on Thursday to go along with the 1st episode of the science series. I was hoping that we'd move a little higher to our D1 target so I could cash out a small position to convert a heap of B options. As that didn't happen I took my exit Thursday. I'd rather have option conversion locked in with some time to spare for any hiccups than to hold on for a better price. A few extra cents per share would have been nice, but the peace of mind far outweighs any financial benefit. A month ago I was thinking I'd potentially be converting options at 42cps.
    We've had some great posts by FA analysts with skin in the game here on HC, unlike the clueless armchair warriors at AFR etc. While the Fundamental picture hasn't really changed, the details have been fleshed out and explained and gathered together in a way to benefit all of us who take the time to read.

    Technically, we look a little more likely to get a bit of a retrace now before touching our D1 target. We are sitting at the weak fib - 23.6% of our last swing. The technical picture has not changed. We are still heading for the 0.65 zone and 0.74 after. We are potentially looking at retesting the 38.2% at just under 0.530 or the 50% fib area around the 0.495/0.50 area. Fundamentals can and will likely change this should they come, starting with the AGM perhaps. I believe that a retrace to the 38.2% or 50% would be the best case scenario to move forward with price stability

    Here's the chart
    https://hotcopper.com.au/data/attachments/3792/3792870-a67579965b5337d8e215b0f5b9c1715a.jpg

 
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