IMV Inc IMVIF

RE:RE:hey QM...

[alphaseeking001]

Thanks for your thoughts as always QM45.  Like you, I am back in IMV for the tech but will be accumulating a bit more on weakness.  After breaking $3 USD, where do you and others see the next support level?  Others have it between 3.20 and 3.60 CAD.  Just holding fire to see how low it drops first and would appreciate any technical thoughts here.  All the best to everyone during a tough holiday season!

QM45 wrote: LOL, at the moment doing nothing. I've accumulated my position a while back. I have about 100K in options expiring in March which I sold at massive premium so some are priced at mid 2US if I get the stock, mind you we are getting pretty close... 

In any case, you can always buy more, but if IMV does what I expect it to do in the next year or so I will still make a fortune while feeling good about investing in a life saving treatment. So I am fine here. 

From technical picture it's not looking great. US is dumping into year end on lack of COVID progress, IMV is not on the radar anywhere in respect to oncology.  Breaking $3US is not good, opens a can of worms to the downside. We are still hovering around here so it might hold. It is massively oversold on five and one year charts, but that never stopped algos from trying to screw it over.  Sadly Ors and Co are useless. 

Still, with institutional investor adding to their postitions as per US disclosure data, I feel I am in a good company. At the end of the day I am here for the technology, which is superb. 

With 60M in cash IMV should be able to weather any storms and gravity will eventually prevail as the stock will get repriced  to the upside on the fundamentally postive data. 

Best of luck!