The positive sentiment whilst this SP is suffocating- Whilst waiting on Data, is that volume is there. There's been over 20m shares traded in the first hour and a half. Those parting with shares ( for mine) are forced to sell, or out of patience. Sure there's Shorters, but their always there between 4-6% of trades on average. What we're seeing is trading up about 200% befor news broke two weeks ago. It can't be profit takers, as they'd simply be losing money. Those snapping them up are either trying to pick the low's, or institutions. Either way the Retail holding's would be deminnishing. This puts a scarcity on shares long term. Hopefully it helps in boosting the SP, once the tide changes and Data drops !
-GO IMU!
Not Financial Advice - Opinions Only - DYOR!
IMU Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
