IMUGENE CHART. TA only, page-13496

Yeah, it’s a puzzle and so easy to become frustrated with, I get it.

Basically they have continual algorithmic trading which they program daily based on what they are trying to achieve, accumulate or distribute. I think we all understand that.

But many insto’s need to shift their funds around to remain balanced and still achieving therefore they need to keep working on trending sectors and not be stuck in non- trending sectors (currently bio). They also communicate with other insto’s who may want a position so that one can distribute and one can accumulate all on market without the SP moving significantly. You may have recognised that this week where we have seen the trading churn 15 mill at the same SP. You just know you’ve got insto’s trading amongst themselves.
The main advantage they have is the way they can break their orders up into many pieces like a jigsaw but only be charged for the entire order placed.

So is it manipulation? Maybe, probably, I don’t know but it’s legal and not going away anytime soon as frustrating as it is.
More and more I’m believing that the entire markets are shifting to accomodate insto activity only, retail is becoming less and less significant.
A bit like how all the corner Milk Bars are all gone now, basically shoved aside by far bigger corporates.

As far as your question into why do I still have a long holding? Well although I hold less than half of what I used to ( I am not a massive holder in the first place, my family is) I have been asking myself the same question. I am very fortunate here as IMU has been extremely good to me over the years and my holding owes me nothing. However free carrying is an often abused term as you still need to be extremely responsible for the capital you have tied up and in my situation it certainly has prevented me from other opportunities. So there’s an opportunity cost.
But I have to admit that after all these years I would like to be involved IF there is ever a major development.
All just my opinion.

Cheers