@pjv Here is my position on the current shorts.
They were opened at .135 when the SP went into distribution mode, the maximum I saw was a little over 50 mill shorted so some has been covered recently. Some financial and banking institutions use them as hedges against long positions and visa-versa.
Obviously many of the larger soph's saw December as a great time to distribute and why not after a fantastic run up from 6 cents. As IMU have no advertised pending announcements due with the IND announcement being delayed it's a great opportunity for the short positions to remain open as I bet they have under .10 cents in mind. It will only be a surprise announcement from management that we're all hoping for that will rock their position.
All that aside, I still regard a less than 1% short position nothing to worry about especially on a stock with such a high SOI. Just a part of doing business when a SP has run so strongly.
Here's a FIB chart demonstrating that there is a lot more scope for retracing, that .61% would be the goal of many.
Just my ramblings.
Cheers.
-
- There are more pages in this discussion • 949 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
38.0¢ |
Change
-0.045(10.6%) |
Mkt cap ! $83.46M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 38.0¢ | 34.5¢ | $1.196M | 3.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2058 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 53026 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| IMU (ASX) Chart |