At least we are finally seeing a drop in shorting. Maybe a lot...

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28/09/22

20:10

Post #: 63929083
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At least we are finally seeing a drop in shorting. Maybe a lot of short levels were triggered.

Originally posted by Glouva: ↑

I understand we are in a bear market and a lot of people are panic selling or moving their money around looking for blue chips or more secure stocks or simply taking it out of the market entirely.
It’s fair to say I’m extremely frustrated where our sp sits atm even in this tough macro environment. I have no doubt PH, LC and the entire board are equally disappointed with the sp, probably even more so as they all have more to lose than us retail investors. I still think LC was on the mark when she said 2022 will blow 2021 out of the water and it has certainly done that fundamentally and we still have more to come no doubt. I would have thought that all these positive announcements would have cancelled out the macro sell off as IMU is substantially more derisked than it was 12 months ago. Even if the sp dropped 10%-20% during this time I can understand and accept that, but to be at an almost 52 week low after all the positive results is absolutely mind boggling.
There has to be more going on here. There are way more speculative stocks that haven’t taken less hit than IMU.
It intrigues me watching what is going on. Never really seen anything like it and I have no doubt when this thing turns around it will turn and run hard. In the meantime I will remain patient and optimistic.

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IMU Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.2¢		Change 0.000(0.00%)		Mkt cap ! $382.1M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.1¢	$525.2K	10.13M

Buyers (Bids)

No.	Vol.	Price($)
3	92800	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	1045565	9

View Market Depth

No.	Vol.	Price($)
1	70000	0.052
31	3304831	0.051
67	5510210	0.050
18	2192645	0.049
21	798435	0.048

Price($)	Vol.	No.
0.053	1045565	9
0.054	3292324	10
0.055	791261	7
0.056	2579035	12
0.057	509484	7

Last trade - 16.10pm 23/08/2024 (20 minute delay)

IMU (ASX) Chart

At least we are finally seeing a drop in shorting. Maybe a lot...

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