I trade both CSL & IMU (but not an experienced trader) so I’d like to share my perspective.
CSL trading range was $200-$230 not so long ago so comparable to IMU 2c-2.3c.
I usually trade CSL in hundred increment (100 shares, 200 shares) but million increment for IMU (1m shares, 2m shares) since I just like round number. But my trading value is pretty much the same for both IMU & CSL. $20k-$40k.
It’s true that the number of shares do not affect my decision in buying or selling. What matters to me is the total $ value. So WAG is correct.
But somehow I feel more secure trading CSL as it seems to be more ‘brake’ if things go south. Its share price won’t just drop by 10 from $220 to $210. There’re people buying at $219, $216.95 etc. Where as with IMU I’m forced to be happy with 0.021.
I’m also happy with $100 profit for a day or even a week trading. This is possible with big share value like CSL. Say I buy 100 shares $210, I have high chance of selling at $211 (0.5%) in the afternoon or the day after, where as with IMU I have to wait for weeks typically as the rise from 2.1c to 2.2c is considerable (4.8%).
So in a way, it’s a different ball game jimho.
Hopefully IMU goes up to 10c by Jan next year so no consolidation required & everyone is happy.
GLTA & Cheers
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Last
7.7¢ |
Change
-0.005(6.10%) |
Mkt cap ! $563.6M |
Open | High | Low | Value | Volume |
8.2¢ | 8.3¢ | 7.6¢ | $1.931M | 24.42M |
Buyers (Bids)
No. | Vol. | Price($) |
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14 | 1392733 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.7¢ | 140950 | 2 |
View Market Depth
No. | Vol. | Price($) |
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13 | 1063786 | 0.076 |
27 | 1362684 | 0.075 |
9 | 804913 | 0.074 |
9 | 392900 | 0.073 |
8 | 787610 | 0.072 |
Price($) | Vol. | No. |
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0.077 | 140950 | 2 |
0.078 | 427758 | 6 |
0.079 | 4733852 | 7 |
0.081 | 256000 | 3 |
0.082 | 309951 | 4 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 06/05/2024 ? |
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