I still maintain that traders are not responsible for the fall...

First 18898 Last

Share
Profile

Follow
Footmax

14,071 Posts.

2408

18/11/23

12:51

Post #: 70976852
Share

I still maintain that traders are not responsible for the fall in the SP - and for obvious reasons. Killing off the golden goose makes zero sense.

Anyway, can you explain why you think there is no link between the rises in shorting positions resulting in a corresponding drop in the SP? The fall in the SP will be for a few reasons but it did start - and continues to follow - the rise in shorting numbers.

Originally posted by Taureanbull: ↑

Footmax, It’s not forcing down the price that does this. Short term trading works by selling and buying lower,

In this case a few years ago Slick was making a killing here, as 28,000 me punters climbed onboard. But unfortunately he wrote his own headline “ Slick strikes Gold at IMU”. every dreamer going turned up to try their luck, Steini got onto it Slick taught him how to do it. Steini bragged every successful trade how much he was making, Now with all the detailed instructions on the Charts thread hundreds of punters are here looking for gold. They make money by taking it from the new shareholders.?But these days there aren’t enough mugs to keep buying.

A new young investor said to me this week, “I’m going to buy more. A lot more. I’m reading the chartist on HC. To make sure I buy low. “. So his bid is way down, from the current SP.

Hence it’s dropping. It’s not rocket science .
More sellers than buyers price goes down,

That’s why it’s still stepping down even though Regal moved on a long time ago,

This won’t change until huge news attracts in big funds. That’s why they call these stocks species

If you prefer to believe in mythical shorters out to get IMU more than any of the other 2500 asx stocks and it helps you sleep. Good for you.

Expand

Originally posted by Taureanbull: ↑

Footmax, It’s not forcing down the price that does this. Short term trading works by selling and buying lower,

In this case a few years ago Slick was making a killing here, as 28,000 me punters climbed onboard. But unfortunately he wrote his own headline “ Slick strikes Gold at IMU”. every dreamer going turned up to try their luck, Steini got onto it Slick taught him how to do it. Steini bragged every successful trade how much he was making, Now with all the detailed instructions on the Charts thread hundreds of punters are here looking for gold. They make money by taking it from the new shareholders.?But these days there aren’t enough mugs to keep buying.

A new young investor said to me this week, “I’m going to buy more. A lot more. I’m reading the chartist on HC. To make sure I buy low. “. So his bid is way down, from the current SP.

Hence it’s dropping. It’s not rocket science .
More sellers than buyers price goes down,

That’s why it’s still stepping down even though Regal moved on a long time ago,

This won’t change until huge news attracts in big funds. That’s why they call these stocks species

If you prefer to believe in mythical shorters out to get IMU more than any of the other 2500 asx stocks and it helps you sleep. Good for you.

Expand

IMU Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump

There are more pages in this discussion • 8,103 more messages in this thread...

First 18898 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.000(0.00%)		Mkt cap ! $364.4M

Open	High	Low	Value	Volume
4.9¢	5.0¢	4.9¢	$900.1K	18.37M

Buyers (Bids)

No.	Vol.	Price($)
102	15456501	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	1713619	8

View Market Depth

No.	Vol.	Price($)
102	15456501	0.048
63	7620458	0.047
37	4709023	0.046
53	5098365	0.045
10	892291	0.044

Price($)	Vol.	No.
0.050	1713619	8
0.051	1155393	5
0.052	1099239	8
0.053	1164182	8
0.054	1092392	7

Last trade - 16.10pm 16/10/2024 (20 minute delay)

IMU (ASX) Chart

I still maintain that traders are not responsible for the fall...

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Battery Age Minerals gets set to capitalise on critical mineral demand

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

James Bay latest lithium player to pivot to other metals amidst lithium slump

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I still maintain that traders are not responsible for the fall...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Battery Age Minerals gets set to capitalise on critical mineral demand

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

James Bay latest lithium player to pivot to other metals amidst lithium slump

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News