Yes, I had a profitable 1c trade from the open at 51.5 to 52.5c.
Bought back at 52 (a tad early it seems) and have had another order filled at 50c, the latter likely to hold for a +2c gain.
Was still being shorted yesterday. I wonder how many millions of shorts are on this now? IMO unlikely to go much lower unless there is a surprise in store or forced selling to fund a cap raising elsewhere. Seems regular buyer has stepped back today so far and recent big sellers have been the banking pillars Barclays and CBA. No surprises there.
Getting punished right now, but have seen similar regularly for no apparent reason.
IOF Price at posting:
50.0¢ Sentiment: ST Buy Disclosure: Held