IPL 1.26% $3.13 incitec pivot limited

ipl chart, page-87

  1. 116 Posts.
    The last few weeks have been amazing for IPL. I bought in on 20JUL and am sitting at 40% gain.

    In an investment mag last month they said they'd noticed that IPL prices seemed to move with corn prices. Corn has increased every month for the last 6 months, so maybe that's it?

    It still looks good, so I think I'm going to hang in a little longer. I reckon it can get to $3.50 in the next few weeks, then I'll have another think about it.

    Maybe market is optimistic about new CEO?
 
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