Geneva, Switzerland - 13 Dec - 16 Dec 2018 The ESMO Immuno-Oncology Congress, page-31

I trade both CSL & IMU (but not an experienced trader) so I’d like to share my perspective.

CSL trading range was $200-$230 not so long ago so comparable to IMU 2c-2.3c.

I usually trade CSL in hundred increment (100 shares, 200 shares) but million increment for IMU (1m shares, 2m shares) since I just like round number. But my trading value is pretty much the same for both IMU & CSL. $20k-$40k.

It’s true that the number of shares do not affect my decision in buying or selling. What matters to me is the total $ value. So WAG is correct.

But somehow I feel more secure trading CSL as it seems to be more ‘brake’ if things go south. Its share price won’t just drop by 10 from $220 to $210. There’re people buying at $219, $216.95 etc. Where as with IMU I’m forced to be happy with 0.021.

I’m also happy with $100 profit for a day or even a week trading. This is possible with big share value like CSL. Say I buy 100 shares $210, I have high chance of selling at $211 (0.5%) in the afternoon or the day after, where as with IMU I have to wait for weeks typically as the rise from 2.1c to 2.2c is considerable (4.8%).

So in a way, it’s a different ball game jimho.

Hopefully IMU goes up to 10c by Jan next year so no consolidation required & everyone is happy.

GLTA & Cheers