Since we hit the 60c mark and came out of the ASX200 all those shorting the stock up to date have been remarkably profitable, despite all the talk and insinuations from management how well the company is preforming.
You can understand some people shorting this at that figure but when it starts dropping through 50, 40, 30, 20, 10c and still an vast amount of shorters on board they must be an awfully brave or stupid bunch or very well informed by someone in the know. Personally I don’t know any company where shorters have got burnt.
It will be very interesting to see IF IMU does happen to release a Trading halt and a blockbusting release to the market how the shorting position acts just before this announcement
Investors should be keeping an eye open for this imo.
Why IMU is a multi multi bagger, page-23416
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $342.1M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.5¢ | $906.2K | 19.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9543864 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 1266571 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |