With macro conditions deteriorating overnight and the heavy shorting I expect to see single figures in the coming weeks. Selling has been relentless now for 18 months regardless of announcements. It's been a buying opportunity since 25ct and definitely from 20cts only to see your investment down 50%. There is no bottom. If the 10ct wall falls we will have pain as of past experience the falls quite rapidly. Interest rates hike and a stubborn inflation is a great environment for the shorters I'm afraid. Fingers xed and GL. Fundamentals are strong and there will be a bounce as we draw closer to regletory approvals and communication.
IHL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
