There is margin call selling going on here. I know one largish investor has had to liquidate holdings in all his solid blue chips and also INP to cover the mess created by AFG. He told me he had to sell 180K INP the last two weeks. I'm sure others are in the same boat. This is a savage bear market and fundamentals mean jack shyte. The DOW has a way to go yet, with a technical short term target of 10,400. That would put the All Ords at 4800.
INP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held