Replies to post #6062 on InMed Pharmaceuticals Inc (INM)

[radly]

Same here. Not looking good. I thought this would have held up around the $1 range. Dropping every day.

[lesgetrich]

For the past 30 days the average trading volume has been under 500k shares. In contrast, over the last 90 days it's been about 1.4 million and the 365 day average is almost 900k. In the absence of volume and any significant news, the traders and flippers take over and the pps starts to react primarily to technicals. The current first level support is around $.78 with secondary support around $.74. I expect we'll shortly see a turnaround. In any event, this is a good time for long term investors to load up or average your costs down. JMO