Morn Mickey,
Boyo, for someone who literally just last week said shorting IHL was impossible (right when shorts were being loaded up to their highest ever level), you sure do like to espouse the fact you understand markets...
The market is always right and and I most certainly take validation from it in every investment or trade that I do. Suggest you take your blinkers off sometimes and do the same - it might not change our long term convictions in IHL, but it might help you understand markets a bit better...
So while you, I or the rest of these threads were clearly dismayed by the negative market response, this doesn't not mean it was wrong. It just means the end outcome was wrong vs. what we were expecting and as us retail / trader plebs are very rarely making the market - we don't really get nearly as much of a say in it as we think eh. That's how inefficient markets mostly work - not irrationality like retail holders in these threads like to use as an excuse. But through imbalance of market power / resources which is what happened to IHL.
So let me be the first to proudly admit this for the rest of the holders on here - seems like we've been a bit punked. Yes, while my post yesterday was wrong, it wasn't because I was missing something with the results that I couldn't pick up, it turns out it was just something with the market which we can probably assume this was what @2much_red has kindly offered up on the "General Discussion" thread.
It seems like we have been set up for a smash down so someone or someone's can pick up some more on the cheap. Watching it, it was a fairly well co-ordinated demolition of our share price in the end which happened to coincide with big XT's and big short positions being raised (both instances - see below).
@andres this IMO works well with todays PA like you mentioned. Someone was most definitely very active around the 50-51c mark, so will provide this weeks Broker data when available to see who mopped up the short sells in the end. Side note, I don't personally agree with your assumption and a lot of posters here in that it was dominated by traders selling out - we had a spinning top + two big red days to cap a 25% decline, which would've got most of them out on the way already. Think today was a bit cleverer than just that explained by the short positions being opened up.
So in summary, MM I understand completely and am in agreeance with you that the results were better than hoped. However, whether they were bad, good or exceptional, - you just like I were just wrong in how we expected the market to react, and unfortunately the market valued IHL results correctly. Just wasn't what we wanted to hear.
Oh and by the way, I have a science degree too - want to hold hands now?
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