There's more than one way of looking at this. If I'm interesting in buying a load of ICG on market when trading at 0.002/0.003 and pay 0.003, then if the market drops to 0.001/0.002 , then if I paid 0.003 and now the market is 0.002 then I'm automatically down 30%. If it was 0.003/0.004 scenario I could be down 25%/50% in the blink of an eye. If the price was 0.059 / 0.060 it's more likely to trade around those levels. I might feel more confident to purchase at those levels knowing it was going up and down pips that weren't actually 30% or 25% of my total investment for every pip. It might mean more people would be interested in entering the stock and boosting the price if this wasn't the case.
I think ICG have some great prospects. I also suspect that a consolidation followed by announcements and a CR at some post consolidation price may be the way to unlock that potential. All IMHO.
ICG Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
