Quote - "Traders are part of the problem."
With a stock like IMU (and many other stock) there is always going to be a few different courses of action:
1 - trade the price movements over a period of time that is uncertain but can be profitable in the short term. A risk of this is that a Big Pharma agreement may see you missing a motza, but you do have the advantage of possibly good results over quite a long term if that BP action never arrives.
2 - Buying in and holding big time so you get your motza if it arrives and, having bought in cheap, any losses are manageable. Doing this on several stocks increases your chances, but there are no guarantees.
3 - Keep a solid holding for the long term BP motza, but have some fun with a trading parcel as you go - this is my method.
The point is, there will always be traders because some choose that method. Of course they will have an effect (like suppressing short term rises) but it is all part of the game and traders should not be seen as a problem.
IMUGENE CHART. TA only, page-27575
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.7¢ | $2.298M | 47.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1925982 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 3452098 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1925982 | 0.048 |
33 | 4297134 | 0.047 |
47 | 3841303 | 0.046 |
53 | 6064000 | 0.045 |
11 | 2329545 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 2620667 | 8 |
0.050 | 2639213 | 14 |
0.051 | 6431004 | 11 |
0.052 | 2071350 | 7 |
0.053 | 418882 | 5 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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IMU (ASX) Chart |