The ASX tends to have a sell the news mentality as news provides the liquidity to sell larger holdings. Then holders think why is the SP not going up and end up selling.
With these **promotion blocked** the money is often made before the news with a rising SP and once it drops sell the news and make a profit.
Back in June our SP was .008c so the sellers at 1.4c made 75% assuming they bought the lows.
We’re only coming off lows so some holders would have taken advantage of exiting in profit after holding losses.
Yesterdays news was big news. Give it time this should bring us a lot of attention and with that may come some gains from here.
Good luck holders DYOR
IVX Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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