Dont think Dow dropping 300 points overnight will have any influence over IMU - a 300 point down day is normal on the Dow and we all desensitised by Dow gyrations these days after all Dow dropped 700 points one day a few months ago and then recovered 1000 points next day so its just manipulation - its like watching tennis to be honest - Dow Industrials 300 point drop overnight was profit taking because tech stocks selling off main one being facebook- anyway who uses facebook anymore !
Yesterday we saw over 100 million shares traded at VWAP of 3.2c and an intraday high of 3.4c so higher highs higher lows means a new trend has emerged - previous resistence levels have been broken and new support holding so people getting set - i expect a continuation of current trend and a re-rating if news is behind this move -
I would expect a retest early today of yesterdays 3.4c high to see if yesterdays volume and move is warranted and if there is more than we know from a fundamental standpoint then it is more likely to go higher - anyway i would not want to be on sidelines with such a exciting string of announcements and updates due based on CEO video on 8 March
What IMU have is REAL and the big end of town now coming on board speaks volumes
cheers
GLTU
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