Yes, unless you happen to invest in CSL which is the biotech...

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AlCp

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18/08/23

17:03

Post #: 69424276
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Originally posted by y0w4ll3t ↑

Just some observations. I've been watching IMU for a long time now and took my first nibble in today. I've found over the years that biotechs almost universally need to be traded. What I mean by this is that your chances of finding the one that happens to make it are slim. What's worse, is that often the goal is a BP buyout which from a traders perspective is more like a sword of Damocles. Why? Because it limits your upside. Say you value their opportunity at some percentage of TAM, realistically will that full value actually be realised? Likely not because your time frame is limited by when the buyout will occur. Which means timing is critical on biotechs. You need to enter when they have decent cash balances, are progressed and enter with a parcel small enough that you are prepared to defend. Where by defend I mean you have to be prepared on the fund raises and set backs to average down so that your average price is lower than the premiums that are being paid above current price for TO in the sector. Otherwise you can be right and still lose money. In times such as now where CRs have to be done at larger discounts and TO are at smaller premiums I feel like it is a tricky sector to be in and not as simple as other sectors where you value it, buy in and can hold for the long run and win if your thesis is correct. If you are taking care of your average then the upside of course is much larger. I hope that perspective helps someone.

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Yes, unless you happen to invest in CSL which is the biotech stock everyone is now trying to find.......

IMU Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.8¢		Change 0.002(4.35%)		Mkt cap ! $357.0M

Open	High	Low	Value	Volume
4.7¢	4.9¢	4.6¢	$977.7K	20.56M

Buyers (Bids)

No.	Vol.	Price($)
13	3232340	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	854027	4

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No.	Vol.	Price($)
13	3232340	0.047
21	4498330	0.046
33	7014309	0.045
37	6583493	0.044
30	3316810	0.043

Price($)	Vol.	No.
0.048	854027	4
0.049	3622300	15
0.050	6027470	18
0.051	2006954	12
0.052	2391989	13

Last trade - 16.10pm 11/11/2024 (20 minute delay)

IMU (ASX) Chart

Yes, unless you happen to invest in CSL which is the biotech...

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Yes, unless you happen to invest in CSL which is the biotech...

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