IMC 5.71% 9.9¢ immuron limited

At the rate, with money that was riset at 18 dollars, the...

  1. 10,075 Posts.
    lightbulb Created with Sketch. 966
    At the rate, with money that was riset at 18 dollars, the company could initiate a buy back at these levels of about a quarter of the stock in the raise. ridiculous drop.
    That insto report is deceptive as there is generally a 3 day lag and if u look at the prices bought and sold is at much higher prices. Further there are also instos buying and selling but the net volume should be viewed in the context of 2 phases and the overall holding. So before announcements. on the days of high volume after announcement. Finally post announcement. Then you travel back to view the previous high volume period or any CR. I believe this was in June 11 when nasdaq moved up 840 percent.
    What the buy sell report shows is there has been a churn primarily within the retail sector with low level insto involvement.
    The questions are:
    who is selling in the nasdaq?
    who are the instos involved?
    The area of support is the 27 to 33 range. It would be ridiculous have this approach considering the company has cashed in in a 1/4 of the mc.

 
watchlist Created with Sketch. Add IMC (ASX) to my watchlist
(20min delay)
Last
9.9¢
Change
-0.006(5.71%)
Mkt cap ! $22.57M
Open High Low Value Volume
10.0¢ 10.0¢ 9.9¢ $24.21K 242.5K

Buyers (Bids)

No. Vol. Price($)
4 187537 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 87032 2
View Market Depth
Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
9.9¢
  Change
-0.006 ( 0.00 %)
Open High Low Volume
10.0¢ 10.0¢ 9.9¢ 39995
Last updated 14.45pm 02/05/2024 ?
IMC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.