I took a quick look at short utilisation at my broker and it's telling that although it has been edging higher it's nowhere near more recent highs. It's interesting I think IMU are now on the final leg of the biotech investing pattern in that it appears that they have the cash to take parts of their current pipeline to a payout. I think in the worst case scenario there will still be one more CR if they have to commercialise themselves so position so that you can defend your average price for that, but all looking good. The other thing that any shorter would be aware is that we are now approaching levels where IMU starts being a candidate for different indices. If there is a little more momentum behind the share price there is a risk for the shorts in my opinion that we have institutional pre positioning at the same time as short covering which is brutal. As a long holder I admit my average holds me in amazing stead and others are in worse positions so will sell out as they breakeven. I do think in this sector IMU is now positioned as a hold until buyout and its sad that some holders will miss out on the reward simply due to their entry price.
- Forums
- ASX - By Stock
- IMU
- Why IMU is a multi multi bagger
Why IMU is a multi multi bagger, page-18575
-
- There are more pages in this discussion • 8,259 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $371.8M |
Open | High | Low | Value | Volume |
4.9¢ | 5.0¢ | 4.8¢ | $262.8K | 5.378M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 700408 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 5672796 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 700408 | 0.049 |
24 | 3720033 | 0.048 |
46 | 5605695 | 0.047 |
52 | 4554820 | 0.046 |
55 | 5908940 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 5672796 | 18 |
0.051 | 7325051 | 14 |
0.052 | 1794559 | 11 |
0.053 | 1076781 | 8 |
0.054 | 1979962 | 10 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online