Looking at the IMM daily share tradings. There are examples of Market Maker activity. Take today for example. Selling down at the start of trade, then a decent buy at the lower level. Consolidation continued at the lower level.
Note ChiX listed trades also. Not just today, but also many other occasions. They often chip in with low ball selling to snuff out any up tick. You can see the list of authorised 'Market Makers' on the ChiX web site.
So this is a good sign I suggest. The more the Bank of Melons pile increases, the more someone is converting IMM shares to IMMP.
How do they get the shares? Intra day they buy to push the price up or sell to push it down. Why? To hit high or low triggers. They then snap up those shares.
So watch out if you have triggers set. They hunt them. There weapons, deep pockets, long timelines, strong due diligence and someone else's money.
- Forums
- ASX - By Stock
- IMM
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-9
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add IMM (ASX) to my watchlist
|
|||||
Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M |
Open | High | Low | Value | Volume |
36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 133736 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.355 |
2 | 9500 | 0.350 |
4 | 199315 | 0.345 |
10 | 84868 | 0.340 |
2 | 10985 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 96182 | 4 |
0.365 | 81517 | 4 |
0.370 | 150545 | 8 |
0.375 | 156434 | 4 |
0.380 | 167642 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
IMM (ASX) Chart |