IMM all are Long !!

Hi ,
I decided to buy (shares) after Midas recommendation a couple of weeks ago and have constanty watched volume buys hugely outweigh sell, but have not seen the price rise.
Can anyone explain this to me, why has the price not gone up.

many thanks to all

HB

Is IMM some penny stock?

If so then public are buying on back of tip etc but Market maker probably has an institiutional seller or a book full and wants to sell a few before calling them up.

Thanks Foredog
IMM is Immupharma PLC currently @ 86p and is a pharamceuticaly company developing a Lupus vacince.
Sorry to be a pain, but could you elaborate on your explaination.

many thanks

HB

if you look at the trades most of the bigger trades have been at the bid or below so one of the market makers has bought a lot of stock and is just selling them on.

There may also be a fund of some sort that has lots of these from 50p (?) and is now selling them on the order book at 85p to lock in their profit, until they have sold all theirs then the price will not rise.

Don't buy on share tips from Midas! I made that mistake when I first got into this game. They recommended Aricom so I bought a load at 96p.... They promptly fell to about 8p. They also recommended Mercator Gold which I bought. They ended up de-listing. A few others they recommended I bought on their recommendations and they also tanked. The ones I bought on my own research - Dragon Oil and Petrofac to name two did much better and are now in profit. You are better to do your own research. "The Naked Trader" By Robbie Burns has some good info on fundamental analysis, tells you what to look for in terms of P/E ratio, Net Capitalisation etc... Based on what I learnt from his book I made a questionnaire to fill in about individual companies, and the ones that did best on this I made long term investments in. Works much better than Midas!

Thanks Meg
Ive done it twice, with Petroceltic being the first and made 20% but i have to admit , its easy to say "buy" this and "buy" that when the FTSE was where it was a couple of months ago.
FYI i will hold and see how it goes next week.

regards

HB

Think of it this way....

If City analysts are wrong 50%+ of the time what chance has the bloke writing for the Daily Mail got in getting it right?