Hi JohnnyG,
Ridicule is too strong a word. My critisism is directed towards charting.There is no way that charting could predict that the entire market would head south or that there would be a larger investor selling ICN, which is what has been happening.The downward pressure was assisted by the fact that that had been no real news for some time.
The fundamentals remain strong as far as I can see.Testing looking good, more wells to be drilled soon, Beach farmin and cash injection, plenty of money in the bank,other deals being worked on.These are the factors that drive sp, not reading tea-leaves or charting.
Have a good week-end .
Occam
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support level broken , page-18
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