Non-holders (and holders alike) need to chill. One only has to look at the number of trades vs dollar value to realise what's going on with the IMU SP.
If my Commsec can be relied upon, up to the last update today, there was 1061 trades for a total of $618,787. That's an average of only $583 per trade, barely above the minimum amount us mug punters are allowed to buy in an initial trade. Pretty sure if I checked the same average over the past few months, it would be quite similar.
I'm guessing (and only guessing) that anyone with even half a skin in the game isn't selling and when the bots are done and some actual meaty announcements come along, SP will revert to where we all (well, those of us who aren't malevolent prats anyway) want it, and expect it, to be.
If these average trades start getting up to thousands of dollars....then I'll start to get concerned. Until then, bots can bot...I'll just keep buying lower and lower.
And yes, as always....I am fully aware I could lose the lot.
IMU Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
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