Knock, knock, knock.
No guarantees, but anyone who has the capacity to think beyond a week or a month or even a year, should be hearing the sound of opportunity.
l am not a classic trader, l regard myself as an active investor. In any event, at the low 7s l expect that sometime over a time period beyond one day, IMU will release a positive announcement and the share price will reach the high 9 cent level (again).
No one can know the day or the month or the even year this may occur, but one can be ready for it and profit from it.
l have a large long term portfolio position in IMU and a smaller short term trading position.
Happily topped up this week more than l expected to at 7.1c and prepared to buy more in the 6s if we get there or the 5s. On any bounce above 15% l will sell these new parcels to get my money back with a profit, and watch the SP rise to whatever level it goes to knowing my long term holding will fully participate.
My process may not be for everyone, nor is it infallible. l don't offer it as advice. Just a process or idea for younger readers to consider.
It took me decades to learn to control my impulse to catch falling knives without losing too many fingers. I have found it works for me and has maximised opportunity, minimised losses and leveraged what was originally a finite amount of capital.
Although l mostly l want IMU to succeed in its mission of treating cancers, l will not lie, l am also here to make money.
GLTASH
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $389.5M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.3¢ | $521.9K | 9.645M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 749749 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 452962 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 749749 | 0.053 |
16 | 2232390 | 0.052 |
23 | 3870053 | 0.051 |
48 | 3817390 | 0.050 |
18 | 2308452 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 452962 | 3 |
0.055 | 821960 | 9 |
0.056 | 851531 | 5 |
0.057 | 591030 | 6 |
0.058 | 1285000 | 8 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
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IMU (ASX) Chart |