IMU 2.56% 3.8¢ imugene limited

Geneva, Switzerland - 13 Dec - 16 Dec 2018 The ESMO Immuno-Oncology Congress, page-13

  1. 1,969 Posts.
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    Cuppa, Let's do a bit of arithmetic.


    Firstly, pre consol:

    How many pips between $0.02 and $0.03. Of course the answer is 10.


    Secondly, post consol  (Assuming 20:1)

    How many pips between $0.40 and $0.60. Of course the answer is 20. (40 if allowing for half cent pips)


    The common conception that pip trading is more difficult post a consol of a penny stock is, in reality, absolute rubbish.


    The fact that the market accepts this b/s goes to show how irrational it is.


    People just like big numbers of shares at a small price, rather than small numbers of shares at a big price. [Hey bro, I just bought 2m is a lot more ego boosting than buying only 100k.]


    Still, that is the way it is in this crazy game.

 
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