Good call on that. Saw your message as it happened. Hopefully this dip helps to get rid of the panic sellers and the institutions are buying up 100,000+ shares a day where they belong. If an investor is panic selling they may want to consider allowing a 3rd party to manage their money. They are probably better at it.
Through June 30th 17% of IMMY was owned by insitutions. With 1.6 million shares held by institutions, and a share float 4.6 million - there were 2.7 million shares available, at that time. I think those shares may be close to getting gobbled up considering more than half the float now has traded hands since last Friday. I'm curious to see the figures of institutional ownership reported after the 4th quarter closes with the volatility seen in the past week. I firmly believe anyone selling is handing their shares over to fat cats. That's fine because they will stabilize the volatility once every apple has dropped from the tree.
Have a great weekend! I'll do some digging and post some more if I find anything of value. But not pumping this cause I want cheap shares too and it looks like its just you and me here! More shares for us.
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