last night i did a fairly quick check of about 20 'australian...

last night i did a fairly quick check of about 20 'australian asx biotechs' and all bar about 3 (csl, neu, tlx) had all gone down dramatically in SP over the last 3 years from their previous highs. ihl, ala, acw, avh, cuv, afp, agn, chm, imc, opt, cu6, occ, anr, hxl, arx, 4dx, kza, bot - to name but a few! ALL down between 50% and 90% (or more). a few articles gave fairly decent explanations for the drop (covid being one theory) and showed that some of these companies have started making comebacks lately. there seems to be a fairly strong belief that many biotechs will start to improve their situations throughout the remainder of this year and into 2024 and beyond. i'm no expert (far from it) but i think imu is not wildly different from many other biotechs at the moment. all having a hard time SP-wise but set up very well for a reversal. despite the massive amounts of doom and gloom around, i am still confident we will all be very happy with where we are in a few years time. patience my friends. and don't worry too much about what all these people here on HC say. i honestly believe virtually none of them really genuinely know what they are talking about! haha tongue in cheek. don't stress. happy to be shot down, but this is just how i feel. have a good friday one and all.