Similar story at IPD despite different industry. Failed to meet sales and CF+ expectations after a board spill and rumours of an imminent CR crashed the sp mid 4c. After the dust settled it became obvious that the market overreacted - as so often - and the sp now recovers as better results are expected in 2 weeks.
I expect a similar sp reversal soon, 3.9c was an overshot to the upside, 0.7c definitely an overshot to the downside. Fear and stupidity can be strong forces, so can be FOMO and greed. We had plenty of fear, time now for the greedy cycle. Not sure who is selling, maybe still the Chinese guy who is too blind to see the upside that is around the corner.
Got more buy orders at 6 and 7 tenth, happy to catch them from " Must Sell Quick " or whatever her / his name is.
GLTA
W2V Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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