By your definition, Hopper is the biggest idiot of all.
Dumbarse.Understanding the drop is easy. Accepting the reasons is beyond the majority of posters here.
1. Its more astute investor believes its over-valued at 49c.
2. Its never made a dollar of revenue, and it doesn't have a product in a comercialisation trial. (And to all those that believe the company should be valued on potential rather than revenue or profit multiples, you're right. That's how it got to $3b. Getting above that it proving problematic).
Once you get to a situation where posters extol the virtues of the most informed investor selling, you know its time to leave the echo chamber.
IMUGENE CHART. TA only, page-9327
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Last
5.8¢ |
Change
0.001(1.75%) |
Mkt cap ! $422.5M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.9¢ | 5.6¢ | $280.1K | 4.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 388163 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 617144 | 19 |
View Market Depth
| Last trade - 11.32am 16/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |