Sorry guys but I could'nt think of a better way to describe you and some of the posts.
My obseravtions of the trading pattern for over 6 weeks now is that THE MAJOR SHAREHOLDERS do not want the price to rise until they have MORE shares!
This is not profit taking or day traders existing because they simply don't buy a falling stock to lose money.
I dare say shorthly there will be a "change of intrest" announcemment and the guilty party will be named.
There is no fundamental probelm with IMI, the answer is in the charts and tabular data.
To be honest if I was in the postion as these guys are I would do the same thing. This is a legal practice for now on the ASX and happens every day.
By providing a sense of negative sentiment, these guys sell say 3 millions shares causing panic selling and buy back 5 million with the same money...
This is simply a reverse "pump and dump"...hold IMI if you can afford to it will pay off. SDL copped this at the 18.5 c mark for about 4 days straight before it got free and look at it now.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.99M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 7591013 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 24785575 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7591013 | 0.005 |
15 | 5240449 | 0.004 |
3 | 5765009 | 0.003 |
4 | 13945024 | 0.002 |
3 | 2300999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 24785575 | 5 |
0.007 | 2602990 | 4 |
0.008 | 6349634 | 4 |
0.009 | 62500 | 1 |
0.010 | 10000 | 1 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
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BPP (ASX) Chart |
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