GREY:IMVIF - Post by User
Comment by
QM45on Dec 23, 2020 3:06pm
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Post# 32171295
RE:RE:RE:hey QM...
RE:RE:RE:hey QM...Markets don't work that way Alpha, you can't just pick a bottom, no one can consistently and you as a retailer have about as good of a shot as throwing a dart in darkness.
Having said that as per my previous post we are oversold on all charts. That condition can persist as the stock moves lower, but how long can you strech an elastic? In my experience not that long unless something is fundamentally broken in which case down to zero.
IMV is anything but fundamentally broken, algos are taking a piss because they can, because it's a small canadian biotech with inept mngmt that barely speaks English and coverage by inept US analyst that does not know how to add 2+2 in this particular space.
Still, for someone like myself this presents opportunity, anywhere around here offers a very good risk/reward ratio. In the last 10 years I picked three stocks with similar setup that ended up getting bought out at much higher prices once everyone else caught up. I documented those trades on stockhouse back then so they are verifiable :) . I have as much on the line in IMV as I did in those stocks and at these levels I expect to be equally rewarded.
Hope that helps :)