This couldn't be further from the truth. In reality it is...

This couldn't be further from the truth. In reality it is the commsec and CMC accounts that had bought up net 80m shares since the TH and CR.

There are many on here that have access to broker reports and they can quite clearly see who is doing the buying and the selling. the only buyers are retail and the big sellers are the main broker firms.

Given the ASX200 rebalance occurs on the first Friday in September (this Friday) and the likely removal of IMU from this list, institutions have been removing their exposure, same as the SP was bought up before entry it's being sold down as likely to be dropped.

this is where the shorter come in, they can see what is going on and the fact IMU is now the 464th ranked stock on the ASX and likely to be pushed out of the 200. with the inevitable Insto selling there is money there for them to make.

in my opinion the SP won't appreciate until the stock is out of the ASX200.

not financial advice DYOR