if anything i'd say if it's new related then it's a SHAKOUT to accumulate more shares before the good news
IDL's chart looks very similar to DCG, which has also copped a flogging lately...
carbon tax is perhaps part of the catalyst for this downmove...
but difference between DCG and IDL is decmil was trading on an unrealistic PE of perhaps 16-17 or so when got slammed and now is trading at a realistic PE of 12...
whereas IDL wasn't trading at demanding PE multiples at its peak and now is looking monumentally cheap...
this is truly bizarre... hopefully this is the climax of the selling
IDL Price at posting:
$1.19 Sentiment: LT Buy Disclosure: Held
