SLAMPOIL: In my view, ITC's sp should not have to be supported...

SLAMPOIL: In my view, ITC's sp should not have to be supported by Sir Eddie in order to stay above 5c - in fact the low current sp is somewhat baffling. To me the only "logical" explanation is that quite a few "trader types" have off-loaded ITC shares that they bought at 3c for a decent and fairly quick profit.
A lot of more knowledge-based posters than myself on this board have expressed on a number of occasions that ITC in the low 5c bracket is far too cheap (provided the oil price is not going to collapse, which I do not assume).
All JIMHO, of course.
wasa