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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 20.67-0.3%Dec 13 4:00 PM EST

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To: bobbseytwins2001 who wrote (52493)9/14/2019 6:41:23 PM
From: stockdoc7711 Recommendations

Recommended By
btlbail1
corndog
erippetoe
Fitzhughlaw
jhcimmu

and 6 more members

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The institutional ownership certainly has to be counted as a positive, but on the flip side, many of us here built huge positions when there was very little institutional ownership. Where were all those brilliant investing minds in 2016? One cannot certainly rely on that metric alone to determine the wisdom of owning any given stock.
I do think that there was a fair amount of risk here in the last few months, but events of the last few weeks have resulted in me reducing that risk assessment. I think the stock looks good into next year. Which is why I bought back most of what I sold in June about 10 days ago when we were down in the 12's.
If IMMU was 5% of my net worth, I would not be quite so involved in its ups and downs nor quite so emotional about it, but like many here, it represents the bulk of my life savings, and I'm too old to rebuild that if this were to fall apart, so even a 10% chance of failure gives me heartburn.
I do think that the the willingness of some on this board to give B a pass on the CMC failure drives me up a tree. Especially given that his whole shtick was he was the guy to trust to get this right.
The upside of this stock is still tremendous, and DS 1062 falling off has improved that prospect. Frankly, I think if we get TNBC approval and BTD in bladder we could go over 40 dollars.
Rationally speaking, we should get TNBC approval, but rationally speaking, we should have gotten it 8 months ago. Everyone else with BTD filing for AA gets approved, and we somehow manage to blow it up. That still makes me angry.
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