Institutions buy and hold, then lend their stock to shorters to make money.
Hedge funds like Regal, now a major shareholder, will move the price up and down to make a profit using exactly the tactics explained by Iowed.
Best thing to do is put your share certificate in a drawer for 18 months until the results from the phase three trial start to filter through.
You can’t beat Regal by trading, they are a long short fund with huge financial resources and math phd employees tuning algorithm trades.
Media, page-99
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $469.8K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 297652 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 7500 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |