Market depth at IMU is hardly any indicator but it has been a long time buyer orders volume is more than twice as high than sellers volume.
OE's used to trade at 50% of heads above 5c, about 45% between 4c and 5c and about 35% sub 4c. Should heads get back higher than yes, the OEs could be a steal atm but as well a trap should the heads retreat or a t/o sub 15c being accepted. Hence a big risk / reward buying OEs at this crucial time when nobody knows whether 4.4c is just a fake rise or the beginning of the re-rate. The good thing about the OEs is that the market often needs hours to react to heads, plenty of time to make a decision, like today, hardly any response to heads at this stage.
IMU Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
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