I was actually quick this morning, was shorting 5.3 / 5.2c as well as some 5.4c from mid week's spike rebuying from 5.1c downwards to 4.8c. But would do it again next week if the opportunity arises.
But as a large core holder I am as confused as most here, are Complete Responses among death row candidates and ODDs worth nothing these days?
The charts kept some posters optimistic this morning, the fundamentals are a screaming buy and yet, the ASX and so far US markets including Big Pharma consider IMU as crap.
Those who think Hopper got something to do with that, RAD's yesterday's anns was ok but still not optimal and this late arvo's CHM anns proved he is still happily devaluing his companies and sabotaging the CEO's hard work to improve the image. But not sure if that had any impact on IMU.
The rebalancing seems to be the culprit but if so compelling, where were the other "Steinis" grabbing what seemed to be a steal?
GLTA
IMU Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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