Why IMU is a multi multi bagger, page-12320

@slick I completely agree with your assessment.

IMU was a fantastic trader in 2021/2. Significant volumes and somewhat predictable ema activity allowed for large trades on good entry and exit indicators.

Since, I see no real additional institution interest (I note they're not selling down either), and activity has settled to appreciate a more fundamental risk/reward scenario. Bio risks always feel 'binary' to me - sink or swim - although I think IMUs portfolio, trial progress and business model make a favourable outcome more likely for IMU than others.

As such I have only very limited IMU trades this year, largely on options. I don't perceive any significant trading activity lately. The ASX has been challenging, and I devote a proportional amount of my time/resources to the potential outcome - an outcome which I think will improve as rates roll over the top and/or we see some renewed vigour at the spec end. Until then there's better investment elsewhere.

I do hold IMU and IMUOD and adjust these positions on opportunity.