Even by IMU standards, this is a
very violent tree shake.
The present price action looks like
something is going on which we Retail holders are not privy to. In the past (and I've been in IMU for many years and done pretty well out of that), these depressingly regular events have (mostly) played out with happy endings.
I appreciate the good chartists on this thread - you all know who you are. But personally, I think there is
something afoot (not necessarily something huge and not necessarily something positive) which is driving this price action.
Commentators hyped up last weeks' presentations, not IMU - so the paper-date-cut-non-event does not really explain the recent price capitulation (in my view). Given the last dilutive cap raise, I don't think we can really look at the LT charts. I am with the Steel Dragon on that. But I also think that there is
something going on here that is driving events, and that the share price is not necessarily responding to the psychology that underlays chart patterns.
All of that said, IMM and a few other bio stocks are down over the last 2 weeks - and maybe it's just a sector-thing.
Either way, I'm holdin' through it. Maybe one day I'll get rewarded for that. Maybe.
(20min delay)