IMU 0.00% 10.5¢ imugene limited

A couple of things in no particular order:Please don't anyone...

  1. 1,355 Posts.
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    A couple of things in no particular order:

    Please don't anyone call this a tree shake. That term is thrown around so much and it is hardly ever such. IMU, as far as I can remember has only ever had 1 or 2 legitimate tree shakes in the time I've been tracking it. Every time the price drops someone calls tree shake. It's human nature to look for something to blame when things go against us, when really it's just healthy price action.

    A short squeeze is a fantastic way to gain value in the share price, however I don't expect to see this. It is my view that that the vast majority of these shorts are hedges and has a lot to do with the large after market cross and match trades we see on occasion. IF this is the case, I believe 100% of those shorts(hedges) could be settled without seeing a single pip movement. To think that groups who have the motivation and resources to hedge that amount of stock would simply leave themselves exposed to adverse (adverse for shorts that is, eg: cf33 news, commercialisation etc) events is very much in the category of fantasy.

    On the other hand, it is my opinion that shorts decreasing with the share price decreasing is a very positive sign. I'm an amateur compared to the teams in investment funds when it comes to analysis of a chart. If I can see on the charts that there appears to be a major bull run building, then you can be absolutely sure that those guys saw it long before and know with higher certainty what is most likely to occur. If that is the case and this bull run is a high probability, then shorts are going to be exiting all the way down on every dip. The idea behind a hedge is to limit losses on any down move (and accumulate in the process). Holding that same hedge on a bull run limits profits(does not lose money) so you want to be out of your shorts before that happens. This is why I view shorts decreasing on a stock that it's retracing as a positive confirmation of good things ahead. However, it is important to note that we have no way to see any of these things except the daily delayed short tally and hindsight down the track. My assumptions could be entirely wrong, however it is fits.

    And finally, its true I hope to see 0.245 and a bounce off it. I guess this essentially means 'Zior wants to see the price go down'. However, I'm as bullish and want IMU to succeed as much as anyone. I don't want to see IMU with a lower share price. The difference is that I know if we do bounce off 0.245 then we will have a higher price in due course. It's kind if like pulling a splinter; a minor irritation but once it's done you don't think of it again and heal right up. So far the splinter remains, it is can either be pulled out (with a bounce) or slowly ejected by the body (fluff around trying to get through this next zone for weeks or months in the absence of news). I'm not calling for a 0.245 test because I want the price lower, I'm calling for 0.245 because I want the price higher.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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