@slick I completely agree with your assessment.
IMU was a fantastic trader in 2021/2. Significant volumes and somewhat predictable ema activity allowed for large trades on good entry and exit indicators.
Since, I see no real additional institution interest (I note they're not selling down either), and activity has settled to appreciate a more fundamental risk/reward scenario. Bio risks always feel 'binary' to me - sink or swim - although I think IMUs portfolio, trial progress and business model make a favourable outcome more likely for IMU than others.
As such I have only very limited IMU trades this year, largely on options. I don't perceive any significant trading activity lately. The ASX has been challenging, and I devote a proportional amount of my time/resources to the potential outcome - an outcome which I think will improve as rates roll over the top and/or we see some renewed vigour at the spec end. Until then there's better investment elsewhere.
I do hold IMU and IMUOD and adjust these positions on opportunity.
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@slick I completely agree with your assessment. IMU was a...
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $404.2M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $757.1K | 13.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 2203877 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 244428 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 2203877 | 0.054 |
24 | 3523105 | 0.053 |
21 | 1966792 | 0.052 |
18 | 1595967 | 0.051 |
64 | 5239130 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 244428 | 4 |
0.056 | 606122 | 6 |
0.057 | 1272468 | 9 |
0.058 | 419109 | 6 |
0.059 | 475000 | 4 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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IMU (ASX) Chart |