$ImmunityBio (IBRX.US)$ for consideration ๐ This is a bio ...
for consideration ๐
This is a bio stock. That means it's volatile, and that means it can make massive moves, both ways. This could collapse below a dollar. BUT I think differently ๐ค
They are cancer specific. I have been mentioning that cancer is a hot sector right now. (or heating up). Their drugs work to boost your own immunity to the cancer or infectious disease. A novel idea ๐ก ๐ Let's see if it works or if investors are willing to give it a shot ๐๐
i know iam
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and I have an order in to buy more tomorrow.
Other than the cancer and infections diseases that it focuses on. I like the charts. There is risk, and there is always risk.
Below is the monthly chart. It is "pinging" off of the fibs nicely. Should that continue, we could be bottoming on the verge of a big move up. BIG.
Why would I believe a move like this is possible? Because of this.
and this
above is a massive volatility spike. But iam, what is volatility? very simply, volatility is the stocks ability to move. Up or down, it is it's possible movement. the higher the volatility, the higher the move can be. This is why you pay more for volatility in options. This massive volatility is spiking now and again near September.With the volatility on the 6 strike rising. This could be put buyers, but it's not. It's calls.
lots of call buys. And a lot of put sellers below strike ๐
Here is the weekly chart with my chicken scratches as my count. Yes, I'm looking for 44-84 as my target. It should go 6.75, 8.10, 9.20, 13.84 and then the big moves. But that's just projection - it can do whatever it wants ๐
if my count is good and 4.65 was the "perfect" reversal point. Then we should start to see it turn around and turn in big moves soon (weeks)
Here is the daily chart. I want to see it hold in this range, with a stop around 3.55
Remember, it's a biopharma stock, it can go to 0. but I'm betting not.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Arrayfunction : Very good write up! Obviously you spend lots of time and effort looking into picks and aren't chasing one offs and DCBs! I also appreciated your repeated warnings about the risk of biotech stocks! I thought that was very responsible since they don't behave like standard penny companies.
I am curious though - are they close to market at all on their drug profile? They haven't been on my radar personally, so I am behind. It's kind of surprising to see so much capital available to them (definitely on the higher end share price wise for biotechs not at the NDA approval stage) but they still have such an insane amount of debt. The interest alone has to eat up so much cash flow.
Is anything in the pipeline ready to start generating revenue? Otherwise, this seems more likely a Chapter 11 type scenario sadly
iamiam OP Arrayfunction : I think their debt is fixed at lower rates, but yes, debt is always concerning. that's why the warnings
I think something happens, just based on the charts and the way the stock is behaving. but yes, it is insanely overvalued. the charts tell me they hit on something or get bought out or something big. but I could be wrong, and they hit on massive debt and go to a dollar 
Arrayfunction : appreciate the shared thoughts! still learning around here