Been watching this for at least 3 months looking for a bottom and entry. The 5 M was an arranged market trade. There was no interest until capitulation occured down to 14.5 dump and thats when all the ears pricked up with the % drop which brought in all the traders looking for a bounce, whose systems saw the dump. I wasn't quick enough and missed the train. Oh well.
I think this is more like a fund holding a huge position just protecting that position.
Do they know a game changing annocement is on the cards and when? Maybe. But how much longer are the holders going to have to wait? IPO was 20 so there's a lot hoping something is coming. I'll keep watching but expect the fluff to disapate quickly if nothing happens. That chart is something awful.
All in my opinion. Good luck to holders
Pumping
IXU Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
