Logic? Price has been pushed consistently higher for 2 months (check moving averages). Someone this morning decided that it was far better to drop nearly $1.5 million, at 11.5c than to risk not getting in lower. That's a bold statement.In addition, the company has released 2 years of positive news that has seen no price action as a result of the worsening macro fundamentals. What does logic suggest will happen to the price when folks being to focus on the company more than macro conditions? If there is no negative force any more that only leaves a net positive. If we didn't have 2 years of positive fundamental pressure then sure news would be needed, but that's not the case. We don't need new news to move higher. Now, there's nothing wrong with selling - good on you if you made a profit. But under current circumstances, it's a stretch to call it logic.
IMUGENE CHART. TA only, page-30209
-
- There are more pages in this discussion • 2,896 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
Add IMU (ASX) to my watchlist
|
|||||
Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1882949 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 399643 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1874329 | 0.058 |
9 | 1728227 | 0.057 |
23 | 4466894 | 0.056 |
27 | 3648665 | 0.055 |
8 | 305000 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 1360 | 1 |
0.060 | 2622845 | 17 |
0.061 | 773907 | 4 |
0.062 | 2227969 | 6 |
0.063 | 243179 | 3 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online