Well if you look at say a 1month chart there is reason to suggest that the selling has begun to slow and that there is evidence of a definite change in bot sentiment.
This started on Friday and has continued with a bright start today. I see reason to believe that the forth coming announcements will be well received and that there is plenty of room for the usual 50-70cent daily trading range in a return to higher prices.
Numbers-wize I would be looking for at least $17.20 today or tomorrow and a relatively quick return to $18 as international news settles in and/or we get the first announcement.
I'd put it this way... ILU will not fall below the recent lows from here unless there is a company blunder, which is highly unlikely, IMVHO. Indeed I'll put my simple belief forward that ILU will be nearer $19 rather than $16 by this time next week.
ILU Price at posting:
$16.87 Sentiment: Buy Disclosure: Held
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