My understanding was that it took around 30% to trigger a please...

My understanding was that it took around 30% to trigger a please explain and that it was also contingent on previous trends. A 20% appreciation is not particularly large, when I held VUL it was regularly hitting 25% growth per day... Their response to the one please-explain I saw them get was to reiterate their proposition, and pretty much indicate that the market was only now catching on.

As so many have noted, IMU has a stuffed pipeline full of potentially incredible treatments. Still high-risk af, but the management and results thus far are lowering that each day. The only concern is that the market has priced this in, and any slight deviation to what we've been used to in the last year will send it down for a while. To me that's the biggest risk at the moment, but it's a good one to have because it's based on the trajectory of current performance being so good. All IMO, GLTAH.