Hello IMA'ers
A beginner question for a new IMA stockholder.
Over the past 6 months or so, IMA has trade in very defined 'bands' of trades. 2.5% up one day, 2.5% down the next. Occasionally it will jump 5 or 6% in either direction, but then resolve to the standard 2.5% by the end of the day. Although I note the trend for the last 3-4 months has been generally down.
Is there an algo or other reason for such regular movements up and down that I am missing due to my beginner status?
Thanks,
PRC
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